CWC Advisors LLC. Has $690,000 Holdings in Exxon Mobil Corporation (NYSE:XOM)

CWC Advisors LLC. increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 170.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,799 shares of the oil and gas company's stock after acquiring an additional 3,656 shares during the period. CWC Advisors LLC.'s holdings in Exxon Mobil were worth $690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $6,936,737,000. Northern Trust Corp grew its position in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Franklin Resources Inc. grew its position in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Exxon Mobil by 3.9% during the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday. Finally, UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.10.

Exxon Mobil Price Performance

XOM stock opened at $109.40 on Monday. 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 52 week low of $97.80 and a 52 week high of $126.34. The firm's fifty day moving average is $107.04 and its 200 day moving average is $108.45. The firm has a market cap of $471.49 billion, a P/E ratio of 14.51, a P/E/G ratio of 2.12 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results 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 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 company's revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 EPS. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 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.

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