Xcel Wealth Management LLC Has $642,000 Position in Exxon Mobil Corporation (NYSE:XOM)

Xcel Wealth Management LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 137.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,398 shares of the oil and gas company's stock after buying an additional 3,125 shares during the period. Xcel Wealth Management LLC's holdings in Exxon Mobil were worth $642,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Proficio Capital Partners LLC raised its stake in Exxon Mobil by 35.3% in the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after purchasing an additional 4,760 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. raised its stake in Exxon Mobil by 16.9% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,141 shares of the oil and gas company's stock worth $445,000 after purchasing an additional 600 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Exxon Mobil by 19.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 119,926 shares of the oil and gas company's stock valued at $12,900,000 after buying an additional 19,358 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Exxon Mobil by 0.3% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 51,452 shares of the oil and gas company's stock valued at $5,535,000 after buying an additional 158 shares in the last quarter. Finally, Destination Wealth Management raised its position in shares of Exxon Mobil by 122.2% in the 4th quarter. Destination Wealth Management now owns 13,622 shares of the oil and gas company's stock valued at $1,465,000 after buying an additional 7,492 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.0%

XOM traded up $1.10 during trading on Friday, reaching $112.15. 11,223,580 shares of the company's stock were exchanged, compared to its average volume of 15,771,659. The firm has a fifty day moving average price of $107.32 and a two-hundred day moving average price of $108.52. 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 one year low of $97.80 and a one year high of $126.34. The stock has a market capitalization of $483.33 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the firm posted $2.06 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XOM. Piper Sandler upgraded shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $125.00 to $131.00 in a research report on Wednesday. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank lowered their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.40.

About Exxon Mobil

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.