Financial Counselors Inc. raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 625,442 shares of the oil and gas company's stock after acquiring an additional 28,039 shares during the quarter. Exxon Mobil makes up 1.1% of Financial Counselors Inc.'s portfolio, making the stock its 17th biggest position. Financial Counselors Inc.'s holdings in Exxon Mobil were worth $74,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. lifted its position 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 worth $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on XOM shares. Piper Sandler raised 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. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.55.
Check Out Our Latest Stock Analysis on XOM
Exxon Mobil Stock Performance
Shares of XOM opened at $114.19 on Wednesday. The firm's 50 day moving average is $107.48 and its 200-day moving average is $108.62. The stock has a market capitalization of $492.12 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.14 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.
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 (EPS) 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 company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS 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 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.
Exxon Mobil Profile
(
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
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
