Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Burling Wealth Partners LLC

Burling Wealth Partners LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 33.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,383 shares of the oil and gas company's stock after buying an additional 5,058 shares during the quarter. Burling Wealth Partners LLC's holdings in Exxon Mobil were worth $2,424,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC raised its holdings in Exxon Mobil by 35.3% during the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after purchasing an additional 4,760 shares during the last quarter. Boston Partners raised its holdings in shares of Exxon Mobil by 0.4% in the fourth quarter. Boston Partners now owns 511,908 shares of the oil and gas company's stock worth $55,073,000 after acquiring an additional 2,157 shares during the last quarter. Brooklyn FI LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $343,000. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Exxon Mobil by 185.3% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,285 shares of the oil and gas company's stock worth $1,746,000 after acquiring an additional 10,577 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after acquiring an additional 94 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $111.73 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a 50-day moving average price of $108.65 and a two-hundred day moving average price of $108.96. 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 market cap of $481.51 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results 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. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. The company's revenue was up .1% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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 $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on XOM shares. Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

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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