CWA Asset Management Group LLC Grows Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

CWA Asset Management Group LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,893 shares of the oil and gas company's stock after buying an additional 6,400 shares during the period. CWA Asset Management Group LLC's holdings in Exxon Mobil were worth $4,269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LifeWealth Investments LLC increased its holdings in shares of Exxon Mobil by 50.5% in the first quarter. LifeWealth Investments LLC now owns 4,660 shares of the oil and gas company's stock worth $554,000 after buying an additional 1,563 shares during the period. Dunhill Financial LLC grew its position in Exxon Mobil by 15.5% during the 1st quarter. Dunhill Financial LLC now owns 1,551 shares of the oil and gas company's stock worth $185,000 after acquiring an additional 208 shares during the last quarter. JBR Co Financial Management Inc grew its position in Exxon Mobil by 1.5% during the 1st quarter. JBR Co Financial Management Inc now owns 15,148 shares of the oil and gas company's stock worth $1,802,000 after acquiring an additional 223 shares during the last quarter. PUREfi Wealth LLC increased its stake in Exxon Mobil by 15.3% in the 1st quarter. PUREfi Wealth LLC now owns 8,857 shares of the oil and gas company's stock worth $1,053,000 after purchasing an additional 1,174 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its position in Exxon Mobil by 196.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 128,722 shares of the oil and gas company's stock valued at $15,320,000 after purchasing an additional 85,237 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley lowered their price objective 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. Finally, Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Down 0.7%

Shares of NYSE:XOM traded down $0.80 during trading on Thursday, hitting $113.20. The stock had a trading volume of 17,956,631 shares, compared to its average volume of 15,714,495. The company has a market capitalization of $487.84 billion, a PE ratio of 15.01, a PEG ratio of 2.28 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average is $106.05 and its 200 day moving average is $108.69. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 business 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 quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.06 earnings per share. Analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.50%. Exxon Mobil's payout ratio is 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.