Bernard Wealth Management Corp. Takes $1.15 Million Position in Exxon Mobil Co. (NYSE:XOM)

Bernard Wealth Management Corp. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,720 shares of the oil and gas company's stock, valued at approximately $1,153,000.

Other large investors have also added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $36,000. Finally, Compass Planning Associates Inc bought a new position in Exxon Mobil in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XOM. Bernstein Bank boosted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler reduced their target price on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Up 0.4%

Shares of XOM stock traded up $0.45 on Tuesday, hitting $103.48. The stock had a trading volume of 13,011,033 shares, compared to its average volume of 15,545,595. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The business has a 50 day moving average price of $108.01 and a 200 day moving average price of $110.13. The company has a market cap of $445.96 billion, a PE ratio of 13.20, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the business posted $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.83%. Exxon Mobil's dividend payout ratio 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.