Barlow Wealth Partners Inc. Boosts Holdings in Exxon Mobil Corporation (NYSE:XOM)

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

Several other large investors have also recently made changes to their positions in the business. Axis Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the period. Altus Wealth Group LLC lifted its holdings in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after buying an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Exxon Mobil by 11.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after buying an additional 94 shares during the last quarter. WPWealth LLP lifted its holdings 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 last quarter. Finally, Centurion Wealth Management LLC lifted its holdings in Exxon Mobil by 1.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after purchasing an additional 97 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Piper Sandler upped their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.45 on Wednesday, reaching $113.74. The company's stock had a trading volume of 6,408,215 shares, compared to its average volume of 15,752,923. The company has a 50-day simple moving average of $107.48 and a 200 day simple moving average of $108.62. The company has a market cap of $490.18 billion, a P/E ratio of 15.08, a PEG ratio of 2.14 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week 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 analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business posted $2.06 EPS. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, May 15th. 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.