Commonwealth Retirement Investments LLC Raises Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Commonwealth Retirement Investments LLC increased its stake in Exxon Mobil by 5.4%, making it the firm's 5th largest position, with **80,171 shares valued at $9,535,000**.
• Exxon Mobil's most recent earnings report showed an **EPS of $1.64**, surpassing analysts' expectations, although its revenue declined 12.4% year-over-year.
• The company declared a quarterly **dividend of $0.99 per share**, translating to an annual yield of **3.7%**, with a payout ratio currently at **56.25%**.

Commonwealth Retirement Investments LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,171 shares of the oil and gas company's stock after purchasing an additional 4,104 shares during the period. Exxon Mobil accounts for 3.9% of Commonwealth Retirement Investments LLC's holdings, making the stock its 5th biggest position. Commonwealth Retirement Investments LLC's holdings in Exxon Mobil were worth $9,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Axis Wealth Partners LLC lifted its holdings in shares of Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares in the last quarter. WPWealth LLP grew its position in Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after buying an additional 96 shares in the last quarter. Ascent Capital Management LLC boosted its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after purchasing an additional 96 shares in the last quarter. DDD Partners LLC lifted its stake in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Clarity Asset Management Inc. lifted its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $125.26.

Exxon Mobil Trading Down 0.5%

Shares of NYSE:XOM traded down $0.52 during trading on Thursday, hitting $105.99. 13,455,331 shares of the company's stock were exchanged, compared to its average volume of 15,527,678. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a 50-day moving average price of $109.79 and a two-hundred day moving average price of $109.00. 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 firm has a market cap of $451.85 billion, a P/E ratio of 15.06, a PEG ratio of 2.00 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. The firm's revenue was down 12.4% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued 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 dividend yield of 3.7%. Exxon Mobil's dividend payout ratio is 56.25%.

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.