Global Wealth Management Investment Advisory Inc. Boosts Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,305 shares of the oil and gas company's stock after purchasing an additional 6,255 shares during the period. Exxon Mobil accounts for 1.3% of Global Wealth Management Investment Advisory Inc.'s portfolio, making the stock its 20th biggest position. Global Wealth Management Investment Advisory Inc.'s holdings in Exxon Mobil were worth $6,696,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of 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 acquiring an additional 93 shares during the last quarter. Altus Wealth Group LLC lifted its position in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after acquiring an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after acquiring an additional 94 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 acquiring an additional 96 shares during the last quarter. Finally, Centurion Wealth Management LLC lifted its position in Exxon Mobil by 1.1% in the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock valued at $944,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Piper Sandler raised shares of Exxon Mobil from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $125.00 to $131.00 in a report on Wednesday, July 2nd. Finally, UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $1.07 on Monday, hitting $111.13. The company's stock had a trading volume of 15,410,459 shares, compared to its average volume of 15,770,204. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market capitalization of $478.93 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. 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 stock has a 50 day moving average of $107.32 and a 200-day moving average of $108.54.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 earnings per share. As a group, research analysts predict 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. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Exxon Mobil 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.