Drive Wealth Management LLC Increases Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Drive Wealth Management LLC increased its holdings in Exxon Mobil by 12.5% in Q1, owning 32,072 shares valued at $3,814,000, making it the firm's 22nd largest investment.
• Exxon Mobil recently declared a quarterly dividend of $0.99, reflecting an annualized payout of $3.96 with a dividend yield of 3.57%.
• Analysts have mixed ratings on Exxon Mobil, with an average rating of "Moderate Buy" and a consensus price target of $125.42.

Drive Wealth Management LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,072 shares of the oil and gas company's stock after purchasing an additional 3,558 shares during the period. Exxon Mobil accounts for 0.9% of Drive Wealth Management LLC's investment portfolio, making the stock its 22nd biggest position. Drive Wealth Management LLC's holdings in Exxon Mobil were worth $3,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Private Management Group Inc. grew its position in Exxon Mobil by 3.7% during the first quarter. Private Management Group Inc. now owns 3,476 shares of the oil and gas company's stock valued at $413,000 after acquiring an additional 123 shares during the period. Prospect Financial Group LLC grew its position in Exxon Mobil by 8.1% during the first quarter. Prospect Financial Group LLC now owns 3,393 shares of the oil and gas company's stock valued at $404,000 after acquiring an additional 253 shares during the period. Caliber Wealth Management LLC KS purchased a new stake in Exxon Mobil during the first quarter valued at about $2,241,000. Trilogy Capital Inc. grew its position in Exxon Mobil by 10.0% during the first quarter. Trilogy Capital Inc. now owns 34,299 shares of the oil and gas company's stock valued at $4,079,000 after acquiring an additional 3,114 shares during the period. Finally, Denver PWM LLC grew its position in Exxon Mobil by 762.9% during the first quarter. Denver PWM LLC now owns 8,827 shares of the oil and gas company's stock valued at $1,050,000 after acquiring an additional 7,804 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.9%

NYSE:XOM opened at $110.87 on Friday. 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 business's 50 day moving average is $108.70 and its two-hundred day moving average is $109.01. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $477.80 billion, a PE ratio of 14.70, a P/E/G ratio of 2.04 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the firm posted $2.06 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. Exxon Mobil's payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.42.

About Exxon Mobil

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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