Crossmark Global Holdings Inc. Grows Stake in Exxon Mobil Corporation (NYSE:XOM)

Crossmark Global Holdings Inc. increased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,993 shares of the oil and gas company's stock after acquiring an additional 2,928 shares during the period. Exxon Mobil makes up approximately 0.7% of Crossmark Global Holdings Inc.'s investment portfolio, making the stock its 19th biggest position. Crossmark Global Holdings Inc.'s holdings in Exxon Mobil were worth $39,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Fullcircle Wealth LLC lifted its stake in Exxon Mobil by 8.1% in the first quarter. Fullcircle Wealth LLC now owns 9,876 shares of the oil and gas company's stock worth $1,073,000 after purchasing an additional 738 shares during the last quarter. Centennial Bank AR lifted its stake in Exxon Mobil by 6.3% in the first quarter. Centennial Bank AR now owns 6,510 shares of the oil and gas company's stock worth $774,000 after purchasing an additional 383 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Exxon Mobil by 3.7% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 297,610 shares of the oil and gas company's stock worth $35,395,000 after purchasing an additional 10,720 shares during the last quarter. Security National Bank of SO Dak lifted its stake in Exxon Mobil by 0.8% in the first quarter. Security National Bank of SO Dak now owns 26,793 shares of the oil and gas company's stock worth $3,186,000 after purchasing an additional 214 shares during the last quarter. Finally, Financial Counselors Inc. lifted its stake in Exxon Mobil by 4.7% in the first quarter. Financial Counselors Inc. now owns 625,442 shares of the oil and gas company's stock worth $74,384,000 after purchasing an additional 28,039 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $114.19 on Wednesday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a fifty day moving average price of $107.48 and a 200-day moving average price of $108.62. 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 firm has a market cap of $492.12 billion, a PE ratio of 15.14, a P/E/G ratio of 2.14 and a beta of 0.50.

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 EPS for the quarter, beating 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 firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. 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. Finally, UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten 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 presently has a consensus rating of "Moderate Buy" and an average target price of $125.55.

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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