Telos Capital Management Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 34.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,861 shares of the oil and gas company's stock after purchasing an additional 7,147 shares during the period. Telos Capital Management Inc.'s holdings in Exxon Mobil were worth $3,314,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter worth about $25,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the first quarter worth about $45,000. Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. bought a new position in shares of Exxon Mobil during the fourth quarter worth about $51,000. Institutional investors own 61.80% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on XOM. Piper Sandler upped their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group decreased 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. Mizuho decreased their target price 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. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.
Check Out Our Latest Analysis on XOM
Exxon Mobil Stock Performance
NYSE:XOM opened at $115.40 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $108.01 and a 200-day moving average of $108.78. The firm has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.
About Exxon Mobil
(
Free Report)
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.
Further Reading
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