Exchange Traded Concepts LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Exchange Traded Concepts LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 46.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 278,220 shares of the oil and gas company's stock after purchasing an additional 87,911 shares during the quarter. Exxon Mobil accounts for approximately 0.6% of Exchange Traded Concepts LLC's holdings, making the stock its 29th biggest position. Exchange Traded Concepts LLC's holdings in Exxon Mobil were worth $33,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $789,000. Union Bancaire Privee UBP SA acquired a new stake in Exxon Mobil in the fourth quarter valued at about $48,348,000. SOA Wealth Advisors LLC. boosted its holdings in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after purchasing an additional 1,595 shares in the last quarter. Certuity LLC increased its position in Exxon Mobil by 5.8% during the 4th quarter. Certuity LLC now owns 103,149 shares of the oil and gas company's stock worth $11,096,000 after purchasing an additional 5,633 shares during the period. Finally, Capital Advisors Inc. OK raised its stake in shares of Exxon Mobil by 0.7% during the 4th quarter. Capital Advisors Inc. OK now owns 707,031 shares of the oil and gas company's stock worth $76,055,000 after buying an additional 4,870 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Scotiabank cut their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Up 2.1%

Shares of NYSE:XOM opened at $112.06 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $482.95 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The stock's fifty day simple moving average is $105.51 and its 200-day simple moving average is $108.66.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

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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