Calamos Wealth Management LLC Has $4.42 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Calamos Wealth Management LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 76.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,128 shares of the oil and gas company's stock after acquiring an additional 16,053 shares during the quarter. Calamos Wealth Management LLC's holdings in Exxon Mobil were worth $4,416,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in XOM. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth about $32,000. Clarity Asset Management Inc. lifted 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 during the last quarter. Finally, ZynergyRetirementPlanningLLC grew its position in Exxon Mobil by 29.2% in the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock worth $53,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Price Performance

NYSE:XOM traded up $3.08 on Tuesday, hitting $114.19. The company had a trading volume of 17,907,967 shares, compared to its average volume of 15,788,490. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $492.12 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 2.14 and a beta of 0.50. The firm has a 50 day moving average of $107.37 and a two-hundred day moving average of $108.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the business earned $2.06 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.