Avantax Advisory Services Inc. Has $90.17 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Avantax Advisory Services Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 758,146 shares of the oil and gas company's stock after purchasing an additional 35,665 shares during the period. Exxon Mobil makes up approximately 0.5% of Avantax Advisory Services Inc.'s holdings, making the stock its 26th biggest position. Avantax Advisory Services Inc.'s holdings in Exxon Mobil were worth $90,166,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after acquiring an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $55,000. Journey Strategic Wealth LLC grew its stake in Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after purchasing an additional 1,379 shares during the last quarter. Legacy Trust boosted its holdings in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares in the last quarter. Finally, Hartford Funds Management Co LLC lifted its holdings in shares of Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after purchasing an additional 2,617 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Piper Sandler lifted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Stock Down 0.3%

NYSE XOM traded down $0.37 on Friday, hitting $110.42. 10,547,065 shares of the stock traded hands, compared to its average volume of 14,495,533. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $475.87 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The stock has a 50-day moving average of $108.75 and a 200 day moving average of $109.02.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $2.06 EPS. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.59%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.