Caliber Wealth Management LLC KS Buys New Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Caliber Wealth Management LLC made a significant investment in Exxon Mobil Corporation, acquiring 18,843 shares valued at approximately $2.24 million in the 1st quarter, according to their recent SEC filing.
• Exxon Mobil has a current market cap of $477.80 billion and reported a quarterly EPS of $1.76, exceeding expectations by 3 cents.
• The company announced a quarterly dividend of $0.99, resulting in an annualized dividend yield of 3.57% with a payout ratio of 52.52%.

Caliber Wealth Management LLC KS purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,843 shares of the oil and gas company's stock, valued at approximately $2,241,000.

Several other institutional investors have also added to or reduced their stakes in XOM. Murphy & Mullick Capital Management Corp purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $91,000. Financial Engines Advisors L.L.C. grew its holdings in Exxon Mobil by 59.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 14,896 shares of the oil and gas company's stock valued at $1,602,000 after buying an additional 5,543 shares in the last quarter. Foundation Wealth Management LLC PA purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $295,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Exxon Mobil by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,041,759 shares of the oil and gas company's stock worth $759,524,000 after purchasing an additional 527,002 shares during the period. Finally, Sava Infond d.o.o. purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $3,152,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on XOM shares. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Trading Up 0.9%

Shares of NYSE XOM opened at $110.87 on Friday. 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 business has a fifty day simple moving average of $108.70 and a two-hundred day simple moving average of $109.01. The firm has a market cap of $477.80 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Announces Dividend

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 3.57%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 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.

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