Financial Counselors Inc. Grows Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Financial Counselors Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 625,442 shares of the oil and gas company's stock after buying an additional 28,039 shares during the period. Exxon Mobil comprises approximately 1.1% of Financial Counselors Inc.'s portfolio, making the stock its 17th largest position. Financial Counselors Inc.'s holdings in Exxon Mobil were worth $74,384,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. increased 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 valued at $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.39 on Wednesday, hitting $113.80. 10,646,001 shares of the company's stock were exchanged, compared to its average volume of 15,768,001. The company has a 50-day simple moving average of $107.48 and a 200-day simple moving average of $108.62. The stock has a market capitalization of $490.44 billion, a PE ratio of 15.09, a PEG ratio of 2.14 and a beta of 0.50. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly 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 net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 EPS. The company's revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.55.

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.