Financial Gravity Asset Management Inc. Acquires Shares of 9,086 Exxon Mobil Corporation (NYSE:XOM)

Financial Gravity Asset Management Inc. acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,086 shares of the oil and gas company's stock, valued at approximately $1,081,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth approximately $45,000. Clarity Asset Management Inc. raised its stake in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.40 on Friday. The business's fifty day moving average price is $108.01 and its two-hundred day moving average price is $108.78. The stock has a market cap of $497.33 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. 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 announced its earnings results 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. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend 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 Analysts Forecast Growth

A number of equities analysts have recently issued reports on XOM shares. Piper Sandler increased their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley dropped 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. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Scotiabank raised their price objective on Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Friday. 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 company's stock. According to data from MarketBeat, the company currently has a consensus 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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