Wealth Alliance LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,480 shares of the oil and gas company's stock after purchasing an additional 6,886 shares during the quarter. Wealth Alliance LLC's holdings in Exxon Mobil were worth $3,863,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. grew 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. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Performance
Shares of XOM stock traded up $0.44 during trading hours on Thursday, hitting $110.37. The company's stock had a trading volume of 5,469,766 shares, compared to its average volume of 16,842,232. The company has a 50 day moving average of $108.65 and a 200 day moving average of $108.98. The stock has a market cap of $475.65 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. 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 posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the business posted $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. On average, sell-side analysts forecast 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. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Piper Sandler boosted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.42.
Read Our Latest Analysis on XOM
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.
See Also
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
