Charles Schwab Trust Co Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Charles Schwab Trust Co lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,681 shares of the oil and gas company's stock after acquiring an additional 4,700 shares during the quarter. Charles Schwab Trust Co's holdings in Exxon Mobil were worth $3,649,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XOM. 10Elms LLP bought a new position in Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $32,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM traded up $2.46 on Friday, hitting $104.29. 15,465,774 shares of the company traded hands, compared to its average volume of 15,534,982. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $449.45 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51. The business's 50 day moving average price is $105.71 and its 200-day moving average price is $109.29. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho cut their price objective on shares of 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 decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Scotiabank lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

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.