Golden State Wealth Management LLC Has $2.98 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Golden State Wealth Management LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 169.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,035 shares of the oil and gas company's stock after acquiring an additional 15,736 shares during the quarter. Golden State Wealth Management LLC's holdings in Exxon Mobil were worth $2,978,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XOM. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $32,000. Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $47,000. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM opened at $110.15 on Friday. 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 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market cap of $474.71 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.10 and a beta of 0.49. The stock's 50-day moving average price is $106.98 and its two-hundred day moving average price is $108.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 earnings per share. The company's revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced 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 3.60%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XOM. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.10.

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.

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