BostonPremier Wealth LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,039 shares of the oil and gas company's stock, valued at approximately $2,383,000. Exxon Mobil makes up approximately 1.5% of BostonPremier Wealth LLC's investment portfolio, making the stock its 12th largest position.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $32,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Stock Down 0.7%
Shares of Exxon Mobil stock opened at $113.20 on Thursday. 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 Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business's fifty day moving average price is $106.05 and its two-hundred day moving average price is $108.69. The company has a market capitalization of $487.84 billion, a P/E ratio of 15.01, a PEG ratio of 2.28 and a beta of 0.49.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The business 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 3.50%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Wall Street Analysts Forecast Growth
XOM has been the topic of several research reports. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. 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 research report on Monday, April 14th. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Read Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Profile
(
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.
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