Envestnet Asset Management Inc. Purchases 501,656 Shares of Exxon Mobil Corporation (NYSE:XOM)

Envestnet Asset Management Inc. increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,533,331 shares of the oil and gas company's stock after buying an additional 501,656 shares during the period. Envestnet Asset Management Inc. owned 0.13% of Exxon Mobil worth $658,079,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Axis Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after buying an additional 93 shares during the period. Altus Wealth Group LLC raised its stake in Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after purchasing an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares in the last quarter. WPWealth LLP raised its stake in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its stake in Exxon Mobil by 1.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM stock opened at $114.19 on Wednesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. 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 stock has a market cap of $492.12 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.14 and a beta of 0.50. The company has a 50 day simple moving average of $107.48 and a 200 day simple moving average of $108.62.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. The company's revenue for the quarter was up .1% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analyst Ratings Changes

Several analysts have weighed in on XOM shares. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Piper Sandler boosted 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. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $125.55.

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.

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