Earned Wealth Advisors LLC Acquires 4,835 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Earned Wealth Advisors LLC significantly increased its stake in Exxon Mobil Corporation by 181.6%, acquiring an additional 4,835 shares to reach a total of 7,498 shares worth approximately $892,000.
• Exxon Mobil has announced a quarterly dividend of $0.99 per share, resulting in a yield of 3.6%, with a payout ratio of 52.52%.
• The company's recent earnings report indicated $1.64 EPS, exceeding the consensus estimate of $1.47, although revenue decreased by 12.4% year-over-year.

Earned Wealth Advisors LLC grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 181.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,498 shares of the oil and gas company's stock after buying an additional 4,835 shares during the period. Earned Wealth Advisors LLC's holdings in Exxon Mobil were worth $892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP acquired a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at about $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. increased its stake in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $109.61 on Friday. The company has a market cap of $472.38 billion, a P/E ratio of 15.57, a PEG ratio of 2.06 and a beta of 0.53. 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 one year low of $97.80 and a one year high of $126.34. The business's 50-day simple moving average is $109.48 and its 200 day simple moving average is $109.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.14 EPS. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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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