Confluence Wealth Services Inc. grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 58.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,544 shares of the oil and gas company's stock after buying an additional 39,835 shares during the quarter. Exxon Mobil accounts for about 0.8% of Confluence Wealth Services Inc.'s portfolio, making the stock its 20th largest holding. Confluence Wealth Services Inc.'s holdings in Exxon Mobil were worth $12,790,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $32,000. Synergy Investment Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Stock Down 0.5%
XOM stock opened at $109.40 on Monday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a fifty day simple moving average of $107.04 and a 200 day simple moving average of $108.45. 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 firm has a market cap of $471.49 billion, a PE ratio of 14.51, a PEG ratio of 2.12 and a beta of 0.49.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results 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 analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil's payout ratio is presently 52.52%.
Analysts Set New Price Targets
XOM has been the subject of a number of research reports. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given 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 $125.10.
View Our Latest Report 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.
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