Bridgewealth Advisory Group LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,305 shares of the oil and gas company's stock after selling 3,250 shares during the period. Exxon Mobil accounts for about 1.6% of Bridgewealth Advisory Group LLC's investment portfolio, making the stock its 21st largest position. Bridgewealth Advisory Group LLC's holdings in Exxon Mobil were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. 10Elms LLP purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the first quarter valued at approximately $29,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares during the period. Finally, Cloud Capital Management LLC purchased a new position in Exxon Mobil in the first quarter valued at approximately $45,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Stock Up 0.3%
Shares of XOM stock opened at $106.10 on Wednesday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market cap of $452.33 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. The stock has a 50 day moving average of $109.99 and a 200-day moving average of $108.92. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.14 earnings per share. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.
Analysts Set New Price Targets
XOM has been the subject of several recent research reports. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler raised their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and a consensus target price of $125.26.
Get Our Latest Analysis on XOM
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 Hold 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.