Axxcess Wealth Management LLC Has $19.03 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Axxcess Wealth Management LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,023 shares of the oil and gas company's stock after selling 3,478 shares during the period. Axxcess Wealth Management LLC's holdings in Exxon Mobil were worth $19,032,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XOM. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil during the first quarter worth $45,000. Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, ZynergyRetirementPlanningLLC grew its stake in shares of Exxon Mobil by 29.2% during the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock worth $53,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. Piper Sandler boosted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Trading Up 0.4%

XOM traded up $0.47 during trading on Friday, reaching $115.40. 11,683,034 shares of the stock traded hands, compared to its average volume of 15,798,174. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $497.33 billion, a PE ratio of 15.31, a P/E/G ratio of 2.21 and a beta of 0.50. The stock's 50-day moving average is $107.83 and its 200 day moving average is $108.72. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Exxon Mobil 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.