Calton & Associates Inc. Purchases 10,290 Shares of Exxon Mobil Corporation (NYSE:XOM)

Calton & Associates Inc. boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 150.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,152 shares of the oil and gas company's stock after purchasing an additional 10,290 shares during the period. Calton & Associates Inc.'s holdings in Exxon Mobil were worth $2,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its holdings in shares of Exxon Mobil by 6.7% in the first quarter. Kestra Private Wealth Services LLC now owns 257,573 shares of the oil and gas company's stock valued at $30,633,000 after purchasing an additional 16,176 shares in the last quarter. Fountainhead AM LLC increased its holdings in shares of Exxon Mobil by 18.0% in the first quarter. Fountainhead AM LLC now owns 7,246 shares of the oil and gas company's stock valued at $862,000 after purchasing an additional 1,104 shares in the last quarter. SNS Financial Group LLC increased its holdings in shares of Exxon Mobil by 4.1% in the first quarter. SNS Financial Group LLC now owns 4,404 shares of the oil and gas company's stock valued at $524,000 after purchasing an additional 172 shares in the last quarter. FAS Wealth Partners Inc. increased its holdings in shares of Exxon Mobil by 4.1% in the first quarter. FAS Wealth Partners Inc. now owns 58,567 shares of the oil and gas company's stock valued at $6,965,000 after purchasing an additional 2,295 shares in the last quarter. Finally, Denali Advisors LLC increased its holdings in shares of Exxon Mobil by 0.6% in the first quarter. Denali Advisors LLC now owns 56,227 shares of the oil and gas company's stock valued at $6,687,000 after purchasing an additional 316 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.1%

XOM traded up $0.14 during trading on Monday, hitting $107.91. The company had a trading volume of 17,004,804 shares, compared to its average volume of 15,865,204. The company has a market capitalization of $465.06 billion, a PE ratio of 14.31, a PEG ratio of 2.01 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm's 50-day moving average price is $108.66 and its 200 day moving average price is $108.98. 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 issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The company's revenue was up .1% compared to the same quarter last year. As a group, equities 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 of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Piper Sandler lifted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $125.42.

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.