Code Waechter LLC Invests $362,000 in Exxon Mobil Corporation (NYSE:XOM)

Code Waechter LLC bought a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,043 shares of the oil and gas company's stock, valued at approximately $362,000.

Other large investors have also recently bought and sold shares of the company. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter worth about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $45,000. Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $51,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.4%

Exxon Mobil stock opened at $115.40 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.21 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 firm's 50 day moving average price is $108.01 and its two-hundred day moving average price is $108.78.

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, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given 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 3.43%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho dropped their price target 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. Morgan Stanley dropped their price target 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. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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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