Clark Asset Management LLC Buys New Shares in Exxon Mobil Corporation (NYSE:XOM)

Clark Asset Management LLC purchased a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,346 shares of the oil and gas company's stock, valued at approximately $279,000.

Other large investors also recently modified their holdings of the company. Resonant Capital Advisors LLC increased its stake in shares of Exxon Mobil by 7.3% in the first quarter. Resonant Capital Advisors LLC now owns 51,869 shares of the oil and gas company's stock worth $6,169,000 after buying an additional 3,526 shares during the last quarter. Lodestone Wealth Management LLC boosted its stake in Exxon Mobil by 1.3% during the first quarter. Lodestone Wealth Management LLC now owns 8,367 shares of the oil and gas company's stock valued at $995,000 after buying an additional 106 shares in the last quarter. Axis Wealth Partners LLC grew its position in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after buying an additional 93 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Exxon Mobil by 4.5% during the 1st quarter. First Horizon Advisors Inc. now owns 317,351 shares of the oil and gas company's stock worth $37,743,000 after buying an additional 13,689 shares during the period. Finally, Revisor Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 143.5% in the first quarter. Revisor Wealth Management LLC now owns 7,590 shares of the oil and gas company's stock valued at $903,000 after purchasing an additional 4,473 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.15 on Friday. The firm's fifty day moving average price is $107.32 and its two-hundred day moving average price is $108.51. The stock has a market cap of $483.33 billion, a PE ratio of 14.87, a PEG ratio of 2.16 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. 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 announced its 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 return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the company earned $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on XOM shares. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.40.

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.

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