Barlow Wealth Partners Inc. Has $12.67 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Barlow Wealth Partners Inc. increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 480.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,669 shares of the oil and gas company's stock after purchasing an additional 96,573 shares during the quarter. Exxon Mobil makes up approximately 1.6% of Barlow Wealth Partners Inc.'s holdings, making the stock its 28th largest holding. Barlow Wealth Partners Inc.'s holdings in Exxon Mobil were worth $12,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. Clarity Asset Management Inc. grew its holdings in shares of Exxon Mobil by 29.7% during 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. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE:XOM traded up $1.10 during trading hours on Friday, reaching $112.15. 11,223,580 shares of the company were exchanged, compared to its average volume of 15,771,659. The company has a market capitalization of $483.33 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The business has a 50 day moving average of $107.32 and a 200 day moving average of $108.52.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XOM. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from $125.00 to $131.00 in a report on Wednesday. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.40.

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.