Diversify Wealth Management LLC Acquires 7,246 Shares of Exxon Mobil Corporation (NYSE:XOM)

Diversify Wealth Management LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,624 shares of the oil and gas company's stock after buying an additional 7,246 shares during the period. Diversify Wealth Management LLC's holdings in Exxon Mobil were worth $4,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC increased its position in shares of Exxon Mobil by 35.3% during the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after purchasing an additional 4,760 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Exxon Mobil during the fourth quarter worth $8,588,000. Aviso Financial Inc. increased its position in shares of Exxon Mobil by 6.9% during the fourth quarter. Aviso Financial Inc. now owns 8,899 shares of the oil and gas company's stock worth $957,000 after purchasing an additional 573 shares in the last quarter. Buckley Wealth Management LLC increased its position in shares of Exxon Mobil by 4.9% during the fourth quarter. Buckley Wealth Management LLC now owns 110,156 shares of the oil and gas company's stock worth $11,849,000 after purchasing an additional 5,180 shares in the last quarter. Finally, Hills Bank & Trust Co grew its holdings in shares of Exxon Mobil by 1.5% during the fourth quarter. Hills Bank & Trust Co now owns 44,890 shares of the oil and gas company's stock valued at $4,829,000 after buying an additional 679 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.4%

XOM stock opened at $115.40 on Friday. The company's 50-day simple moving average is $108.01 and its 200-day simple moving average is $108.79. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a market cap of $497.33 billion, a P/E ratio of 15.31, a PEG ratio of 2.22 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the company posted $2.06 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XOM shares. UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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, June 23rd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Scotiabank upped their target price on Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research report on Friday. Finally, Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $126.05.

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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