Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by EverSource Wealth Advisors LLC

Key Points

• EverSource Wealth Advisors LLC increased its stake in Exxon Mobil Corporation by 14.1% in the first quarter, owning 36,183 shares valued at $4,303,000.
• Exxon Mobil reported $1.64 earnings per share (EPS) for the last quarter, surpassing estimates, with revenues of $81.51 billion despite a year-over-year decline of 12.4%.
• The company declared a quarterly dividend of $0.99, translating to an annualized amount of $3.96 and a dividend yield of 3.7%.

EverSource Wealth Advisors LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,183 shares of the oil and gas company's stock after purchasing an additional 4,462 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Exxon Mobil were worth $4,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil during the first quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares during the period. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth $32,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil during the first quarter worth $45,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM stock opened at $107.48 on Friday. 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 0.88 and a current ratio of 1.25. The stock's 50 day moving average price is $110.21 and its 200 day moving average price is $108.89. The firm has a market cap of $458.23 billion, a P/E ratio of 15.27, a PEG ratio of 2.02 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the company earned $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XOM. Barclays restated 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 Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Piper Sandler lifted their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and an average target price of $125.26.

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.

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