Exxon Mobil Corporation (NYSE:XOM) Stock Position Boosted by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 24.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,721 shares of the oil and gas company's stock after buying an additional 7,543 shares during the quarter. SteelPeak Wealth LLC's holdings in Exxon Mobil were worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Quantinno Capital Management LP grew its stake in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $55,000. Legacy Trust lifted its position in shares of Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after acquiring an additional 997 shares during the last quarter. Paradigm Capital Management LLC NV boosted its stake in shares of Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after acquiring an additional 227 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its holdings in shares of Exxon Mobil by 9.6% in the 1st quarter. Hanson & Doremus Investment Management now owns 27,080 shares of the oil and gas company's stock worth $3,221,000 after acquiring an additional 2,368 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.4%

Exxon Mobil stock opened at $115.40 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company's fifty day moving average price is $108.01 and its two-hundred day moving average price is $108.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The company has a market capitalization of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.22 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. On average, 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 declared 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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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