Elyxium Wealth LLC Increases Stake in Exxon Mobil Corporation (NYSE:XOM)

Elyxium Wealth LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 44.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,629 shares of the oil and gas company's stock after purchasing an additional 10,653 shares during the period. Exxon Mobil comprises approximately 1.8% of Elyxium Wealth LLC's investment portfolio, making the stock its 14th biggest holding. Elyxium Wealth LLC's holdings in Exxon Mobil were worth $4,119,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.1%

Shares of NYSE:XOM traded up $0.14 during midday trading on Monday, reaching $107.91. The company's stock had a trading volume of 17,004,804 shares, compared to its average volume of 15,865,206. 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 firm has a market capitalization of $465.06 billion, a P/E ratio of 14.31, a PEG ratio of 2.01 and a beta of 0.50. The firm has a 50 day moving average of $108.66 and a 200-day moving average of $108.98. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the company earned $2.06 earnings per share. Exxon Mobil's revenue was up .1% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock 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.