Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 21,664 Shares of Exxon Mobil Corporation (NYSE:XOM)

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Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 29.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,887 shares of the oil and gas company's stock after acquiring an additional 21,664 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Exxon Mobil were worth $11,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Trexquant Investment LP acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $14,853,000. RFG Bristol Wealth Advisors LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $3,885,000. Massachusetts Financial Services Co. MA lifted its holdings in Exxon Mobil by 2.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,706,256 shares of the oil and gas company's stock worth $2,012,232,000 after buying an additional 378,248 shares in the last quarter. Columbia Asset Management bought a new position in Exxon Mobil in the 4th quarter valued at $2,589,000. Finally, Te Ahumairangi Investment Management Ltd increased its stake in shares of Exxon Mobil by 0.6% in the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 21,411 shares of the oil and gas company's stock valued at $2,303,000 after buying an additional 132 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.02 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm has a 50-day moving average of $109.17 and a 200-day moving average of $109.13. The company has a market cap of $482.77 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the business earned $2.06 earnings per share. The business's revenue was up .1% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Piper Sandler upped their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

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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