Global Assets Advisory LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 204.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 305,384 shares of the oil and gas company's stock after buying an additional 205,156 shares during the quarter. Exxon Mobil comprises 6.2% of Global Assets Advisory LLC's investment portfolio, making the stock its biggest holding. Global Assets Advisory LLC's holdings in Exxon Mobil were worth $33,130,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Field & Main Bank increased its stake in Exxon Mobil by 8.6% in the first quarter. Field & Main Bank now owns 25,524 shares of the oil and gas company's stock valued at $3,036,000 after purchasing an additional 2,029 shares during the period. Silver Lake Advisory LLC grew its holdings in shares of Exxon Mobil by 27.1% during the first quarter. Silver Lake Advisory LLC now owns 2,840 shares of the oil and gas company's stock worth $338,000 after buying an additional 605 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Exxon Mobil by 20.9% in the first quarter. Archford Capital Strategies LLC now owns 34,092 shares of the oil and gas company's stock valued at $4,055,000 after purchasing an additional 5,902 shares during the period. Fourth Dimension Wealth LLC boosted its holdings in Exxon Mobil by 2.2% during the first quarter. Fourth Dimension Wealth LLC now owns 4,743 shares of the oil and gas company's stock worth $564,000 after buying an additional 100 shares in the last quarter. Finally, Cornerstone Wealth Group LLC grew its position in Exxon Mobil by 14.2% during the first quarter. Cornerstone Wealth Group LLC now owns 96,548 shares of the oil and gas company's stock worth $11,482,000 after buying an additional 12,003 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.10.
Read Our Latest Report on XOM
Exxon Mobil Trading Up 1.6%
Shares of XOM stock traded up $1.78 on Thursday, reaching $110.15. 18,288,891 shares of the stock were exchanged, compared to its average volume of 15,737,651. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market cap of $474.71 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.17 and a beta of 0.49. The firm has a 50 day moving average of $106.92 and a two-hundred day moving average of $108.54. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 earnings per share. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.60%. Exxon Mobil's payout ratio is 52.52%.
Exxon Mobil Profile
(
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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