Calamos Wealth Management LLC Purchases 16,053 Shares of Exxon Mobil Corporation (NYSE:XOM)

Calamos Wealth Management LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 76.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 37,128 shares of the oil and gas company's stock after purchasing an additional 16,053 shares during the period. 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 and hedge funds have also recently modified their holdings of the stock. Proficio Capital Partners LLC boosted its stake in Exxon Mobil by 35.3% during the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after acquiring an additional 4,760 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its stake in Exxon Mobil by 16.9% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,141 shares of the oil and gas company's stock worth $445,000 after acquiring an additional 600 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Exxon Mobil by 19.2% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 119,926 shares of the oil and gas company's stock worth $12,900,000 after acquiring an additional 19,358 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Exxon Mobil by 0.3% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 51,452 shares of the oil and gas company's stock worth $5,535,000 after acquiring an additional 158 shares in the last quarter. Finally, Destination Wealth Management boosted its stake in Exxon Mobil by 122.2% during the fourth quarter. Destination Wealth Management now owns 13,622 shares of the oil and gas company's stock worth $1,465,000 after acquiring an additional 7,492 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on XOM. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank dropped 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 research note on Friday, April 11th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Piper Sandler upped their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued 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.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.55.

Exxon Mobil Trading Down 0.4%

Shares of XOM stock traded down $0.45 during trading hours on Wednesday, hitting $113.74. 6,585,018 shares of the company were exchanged, compared to its average volume of 15,753,081. The firm has a fifty day moving average of $107.48 and a 200 day moving average of $108.62. The firm has a market cap of $490.18 billion, a PE ratio of 15.08, a PEG ratio of 2.14 and a beta of 0.50. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted $2.06 earnings per share. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. Exxon Mobil's dividend payout ratio is currently 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.