Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Cassia Capital Partners LLC

Cassia Capital Partners LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 46.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,520 shares of the oil and gas company's stock after buying an additional 3,320 shares during the period. Exxon Mobil accounts for 0.8% of Cassia Capital Partners LLC's holdings, making the stock its 22nd biggest position. Cassia Capital Partners LLC's holdings in Exxon Mobil were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. LVZ Inc. grew its holdings in Exxon Mobil by 2.2% during the first quarter. LVZ Inc. now owns 7,100 shares of the oil and gas company's stock worth $844,000 after acquiring an additional 154 shares during the period. Childress Capital Advisors LLC grew its position in Exxon Mobil by 3.0% during the first quarter. Childress Capital Advisors LLC now owns 200,520 shares of the oil and gas company's stock valued at $23,848,000 after buying an additional 5,811 shares during the period. SK Wealth Management LLC boosted its stake in shares of Exxon Mobil by 5.3% during the 1st quarter. SK Wealth Management LLC now owns 2,207 shares of the oil and gas company's stock worth $262,000 after acquiring an additional 111 shares in the last quarter. Altrius Capital Management Inc increased its stake in shares of Exxon Mobil by 4.1% in the 1st quarter. Altrius Capital Management Inc now owns 42,316 shares of the oil and gas company's stock valued at $5,033,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Buck Wealth Strategies LLC raised its holdings in Exxon Mobil by 29.9% in the 1st quarter. Buck Wealth Strategies LLC now owns 3,531 shares of the oil and gas company's stock worth $420,000 after purchasing an additional 813 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho decreased 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. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $3.29 during trading on Tuesday, reaching $108.45. The company had a trading volume of 24,816,717 shares, compared to its average volume of 15,721,744. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm has a market capitalization of $467.39 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.49. The stock's fifty day moving average price is $106.83 and its 200 day moving average price is $108.54. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $2.06 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. 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.