Bernard Wealth Management Corp. Makes New $1.15 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Bernard Wealth Management Corp. purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,720 shares of the oil and gas company's stock, valued at approximately $1,153,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler restated a "hold" rating on shares of Exxon Mobil in a research note on Wednesday. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Price Performance

Shares of XOM stock traded down $1.42 during trading hours on Wednesday, hitting $102.10. The company had a trading volume of 14,248,773 shares, compared to its average volume of 15,540,433. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market capitalization of $440.01 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 3.02 and a beta of 0.51. The firm's fifty day moving average is $107.77 and its 200 day moving average is $110.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's 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.