Bleakley Financial Group LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 124,084 shares of the oil and gas company's stock after purchasing an additional 7,521 shares during the period. Bleakley Financial Group LLC's holdings in Exxon Mobil were worth $14,757,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at approximately $45,000. Clarity Asset Management Inc. raised its holdings in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Finally, ZynergyRetirementPlanningLLC raised its holdings in Exxon Mobil by 29.2% in the 1st quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock valued at $53,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on XOM shares. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. UBS Group cut 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, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.05.
View Our Latest Analysis on Exxon Mobil
Exxon Mobil Stock Down 1.2%
NYSE XOM opened at $114.05 on Tuesday. The firm has a market cap of $491.52 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock's 50 day simple moving average is $108.23 and its 200 day simple moving average is $108.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 EPS. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.47%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
About Exxon Mobil
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
