Brookstone Capital Management Boosts Holdings in Exxon Mobil Corporation (NYSE:XOM)

Brookstone Capital Management grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 34.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,134 shares of the oil and gas company's stock after purchasing an additional 61,159 shares during the quarter. Brookstone Capital Management's holdings in Exxon Mobil were worth $28,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $6,936,737,000. GAMMA Investing LLC raised its stake in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Franklin Resources Inc. raised its stake in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Northern Trust Corp raised its stake in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $240,653,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 1.0%

Shares of XOM stock traded down $1.07 during mid-day trading on Monday, reaching $111.13. 15,410,459 shares of the company's stock traded hands, compared to its average volume of 15,770,204. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market cap of $478.93 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.16 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $107.32 and its 200-day moving average price is $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm 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 quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 EPS. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler raised shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and lifted their price target for the stock from $125.00 to $131.00 in a research note on Wednesday, July 2nd. Scotiabank cut their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil 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.