Corundum Group Inc. Has $2.03 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Corundum Group Inc. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 31.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,023 shares of the oil and gas company's stock after selling 7,940 shares during the quarter. Exxon Mobil comprises about 1.0% of Corundum Group Inc.'s portfolio, making the stock its 20th biggest holding. Corundum Group Inc.'s holdings in Exxon Mobil were worth $2,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. First Pacific Financial increased its holdings in shares of Exxon Mobil by 77.5% during the 1st quarter. First Pacific Financial now owns 1,019 shares of the oil and gas company's stock worth $121,000 after acquiring an additional 445 shares during the last quarter. Aurora Private Wealth Inc. increased its holdings in shares of Exxon Mobil by 870.2% during the 1st quarter. Aurora Private Wealth Inc. now owns 77,073 shares of the oil and gas company's stock worth $9,166,000 after acquiring an additional 69,129 shares during the last quarter. Kellett Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 4.8% during the 1st quarter. Kellett Wealth Advisors LLC now owns 6,569 shares of the oil and gas company's stock worth $781,000 after acquiring an additional 298 shares during the last quarter. MOKAN Wealth Management Inc. increased its holdings in shares of Exxon Mobil by 6.4% during the 1st quarter. MOKAN Wealth Management Inc. now owns 5,485 shares of the oil and gas company's stock worth $652,000 after acquiring an additional 329 shares during the last quarter. Finally, waypoint wealth counsel increased its holdings in shares of Exxon Mobil by 2.4% during the 1st quarter. waypoint wealth counsel now owns 8,820 shares of the oil and gas company's stock worth $1,049,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday. 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 two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.10.

Exxon Mobil Trading Up 1.6%

Shares of XOM stock opened at $110.15 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $474.71 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.10 and a beta of 0.49. The stock has a 50-day moving average of $106.98 and a 200-day moving average of $108.52.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

About Exxon Mobil

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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