Empower Advisory Group LLC Buys 88,898 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Empower Advisory Group LLC has increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 6.1%, acquiring an additional 88,898 shares, bringing its total ownership to approximately 1.55 million shares valued at $183.84 million.
• Exxon Mobil reported12.4% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.99 per share, which reflects an annualized yield of 3.7%.

Empower Advisory Group LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,545,780 shares of the oil and gas company's stock after purchasing an additional 88,898 shares during the period. Empower Advisory Group LLC's holdings in Exxon Mobil were worth $183,840,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the first quarter worth $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. raised 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 acquiring an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.5%

NYSE XOM traded down $0.52 on Thursday, hitting $105.99. 13,455,331 shares of the stock traded hands, compared to its average volume of 15,527,678. The company has a market capitalization of $451.85 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $109.79 and a 200 day moving average of $109.00.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The business 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 11.34% and a net margin of 9.17%. The company's revenue was down 12.4% compared to the same quarter last year. During the same period last year, the company posted $2.14 EPS. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. Piper Sandler upped their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley raised their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Hold" and an average price target of $125.26.

Exxon Mobil Company 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.