Brio Consultants LLC Boosts Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Brio Consultants LLC increased its holdings in Exxon Mobil Corporation by 170.8% in the first quarter, acquiring an additional 3,581 shares, bringing their total to 5,678 shares valued at approximately $675,000.
• Exxon Mobil's current price target consensus is $125.42 with a "Moderate Buy" rating, while analysts have varied recommendations, including ten hold ratings and two strong buy ratings.
• The company's recent financial report showed a quarterly earnings per share of $1.76, exceeding expectations, with a revenue of $83.13 billion, which is a slight year-over-year increase.

Brio Consultants LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 170.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,678 shares of the oil and gas company's stock after buying an additional 3,581 shares during the quarter. Brio Consultants LLC's holdings in Exxon Mobil were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the first quarter worth about $29,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil in the first quarter worth about $45,000. Finally, Clarity Asset Management Inc. grew its holdings in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on XOM shares. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Price Performance

Shares of XOM stock opened at $111.43 on Tuesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $480.22 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock's 50-day simple moving average is $108.85 and its 200-day simple moving average is $109.08.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The company's revenue was up .1% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil's payout ratio is 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.

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