Bingham Private Wealth LLC Boosts Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Bingham Private Wealth LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 25.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,996 shares of the oil and gas company's stock after purchasing an additional 2,398 shares during the period. Exxon Mobil comprises approximately 1.5% of Bingham Private Wealth LLC's holdings, making the stock its 15th largest holding. Bingham Private Wealth LLC's holdings in Exxon Mobil were worth $1,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its stake in shares of Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after acquiring an additional 94 shares during the last quarter. Summit Global Investments raised its holdings in shares of Exxon Mobil by 50.2% during the 4th quarter. Summit Global Investments now owns 8,605 shares of the oil and gas company's stock worth $926,000 after acquiring an additional 2,876 shares during the period. Virtu Financial LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at $2,416,000. Mosley Wealth Management raised its position in Exxon Mobil by 20.1% in the fourth quarter. Mosley Wealth Management now owns 8,594 shares of the oil and gas company's stock valued at $934,000 after purchasing an additional 1,440 shares during the period. Finally, Napatree Capital LLC raised its position in Exxon Mobil by 11.4% in the fourth quarter. Napatree Capital LLC now owns 9,435 shares of the oil and gas company's stock valued at $1,015,000 after purchasing an additional 962 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.5%

Shares of NYSE XOM traded up $0.55 during mid-day trading on Tuesday, hitting $108.60. The stock had a trading volume of 13,966,836 shares, compared to its average volume of 15,857,661. 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 1 year low of $97.80 and a 1 year high of $126.34. The business has a 50 day moving average price of $108.66 and a two-hundred day moving average price of $108.98. The firm has a market cap of $468.04 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Piper Sandler increased their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

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.