Pinnacle Associates Ltd. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,660 shares of the oil and gas company's stock after acquiring an additional 8,347 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Exxon Mobil were worth $29,930,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axis Wealth Partners LLC lifted its position in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the last quarter. WPWealth LLP lifted its position in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares during the last quarter. Ascent Capital Management LLC lifted its position in Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after purchasing an additional 96 shares during the last quarter. DDD Partners LLC lifted its position in Exxon Mobil by 1.4% in the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after purchasing an additional 96 shares during the last quarter. Finally, Clarity Asset Management Inc. lifted its position 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 last quarter. 61.80% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on XOM. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Piper Sandler upped 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. Finally, TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.42.
Check Out Our Latest Stock Report on Exxon Mobil
Exxon Mobil Stock Up 0.9%
XOM traded up $0.94 during trading on Thursday, reaching $110.87. The stock had a trading volume of 15,632,983 shares, compared to its average volume of 14,628,414. The stock's 50 day moving average is $108.70 and its two-hundred day moving average is $109.01. 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 company has a market capitalization of $477.80 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 2.04 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the firm posted $2.06 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently announced 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 was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. Exxon Mobil's dividend payout ratio is currently 52.52%.
About Exxon Mobil
(
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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