Demars Financial Group LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.5% 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 228,626 shares of the oil and gas company's stock after acquiring an additional 27,109 shares during the period. Demars Financial Group LLC's holdings in Exxon Mobil were worth $27,190,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. 10Elms LLP purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $32,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Stock Up 1.4%
NYSE XOM opened at $114.07 on Wednesday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. 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 company has a market capitalization of $491.58 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.49. The stock's 50-day moving average price is $105.91 and its 200-day moving average price is $108.66.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate 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 for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.
Wall Street Analyst Weigh In
A number of research firms recently commented on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Morgan Stanley decreased 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. Mizuho cut their price objective 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. Finally, UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.
Get Our Latest Stock Report on XOM
Exxon Mobil Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).
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