Exxon Mobil Corporation (NYSE:XOM) Holdings Raised by Smith Salley Wealth Management

Smith Salley Wealth Management grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,342 shares of the oil and gas company's stock after acquiring an additional 3,103 shares during the period. Smith Salley Wealth Management's holdings in Exxon Mobil were worth $7,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. raised its position in shares of Exxon Mobil by 29.7% during the 4th 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. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Piper Sandler raised Exxon Mobil from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $125.00 to $131.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $1.10 during mid-day trading on Friday, reaching $112.15. 11,223,580 shares of the company traded hands, compared to its average volume of 15,759,096. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market cap of $483.33 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.50. The stock has a fifty day simple moving average of $107.25 and a 200-day simple moving average of $108.48. 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 (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, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Exxon Mobil 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.