Aviso Wealth Management Acquires 3,150 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Aviso Wealth Management increased its holdings in Exxon Mobil Corporation by 23.9%, now owning 16,326 shares valued at approximately $1.94 million.
• Exxon Mobil's recent earnings report showed an EPS of $1.64, surpassing expectations, with revenues at $81.51 billion, although down 12.4% from the previous year.
• The company recently declared a quarterly dividend of $0.99 per share, resulting in an annualized dividend yield of 3.6%.

Aviso Wealth Management grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,326 shares of the oil and gas company's stock after acquiring an additional 3,150 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Aviso Wealth Management's investment portfolio, making the stock its 22nd largest position. Aviso Wealth Management's holdings in Exxon Mobil were worth $1,942,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Axis Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after buying an additional 93 shares in the last quarter. WPWealth LLP increased its stake in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares during the period. Ascent Capital Management LLC increased its stake in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after purchasing an additional 96 shares during the period. DDD Partners LLC increased its stake in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after purchasing an additional 96 shares during the period. Finally, Clarity Asset Management Inc. increased its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $2.03 during mid-day trading on Friday, reaching $109.61. 19,647,904 shares of the stock traded hands, compared to its average volume of 14,938,472. The stock has a market capitalization of $472.38 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The business's 50-day moving average is $109.48 and its 200-day moving average is $109.11.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen lifted 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. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

About Exxon Mobil

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.