Jackson Thornton Wealth Management LLC Has $1.13 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Jackson Thornton Wealth Management LLC grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 124.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,492 shares of the oil and gas company's stock after purchasing an additional 5,270 shares during the quarter. Jackson Thornton Wealth Management LLC's holdings in Exxon Mobil were worth $1,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. 10Elms LLP bought a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Clarity Asset Management Inc. increased its holdings in 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 buying an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. bought a new stake in Exxon Mobil in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Mizuho reduced 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 note on Tuesday, May 13th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note 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 note on Thursday, June 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Trading Down 1.0%

NYSE:XOM traded down $1.07 on Monday, hitting $111.13. 15,410,459 shares of the stock were exchanged, compared to its average volume of 15,770,204. The stock has a market capitalization of $478.93 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The company's 50-day moving average price is $107.32 and its 200 day moving average price is $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 EPS. On average, equities research analysts forecast 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 was paid on Tuesday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 3.56%. Exxon Mobil's payout ratio 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.