GPS Wealth Strategies Group LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

GPS Wealth Strategies Group LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 63.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,976 shares of the oil and gas company's stock after buying an additional 5,838 shares during the period. GPS Wealth Strategies Group LLC's holdings in Exxon Mobil were worth $1,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Simon Quick Advisors LLC raised its holdings in shares of Exxon Mobil by 37.8% in the 1st quarter. Simon Quick Advisors LLC now owns 30,846 shares of the oil and gas company's stock valued at $3,668,000 after purchasing an additional 8,456 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Exxon Mobil by 7.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 6,852 shares of the oil and gas company's stock valued at $815,000 after purchasing an additional 465 shares in the last quarter. Arvest Investments Inc. raised its holdings in shares of Exxon Mobil by 70.5% in the 1st quarter. Arvest Investments Inc. now owns 27,183 shares of the oil and gas company's stock valued at $3,233,000 after purchasing an additional 11,239 shares in the last quarter. Zhang Financial LLC raised its holdings in shares of Exxon Mobil by 95.5% in the 1st quarter. Zhang Financial LLC now owns 27,024 shares of the oil and gas company's stock valued at $3,214,000 after purchasing an additional 13,204 shares in the last quarter. Finally, Baker Ellis Asset Management LLC raised its holdings in shares of Exxon Mobil by 7.8% in the 1st quarter. Baker Ellis Asset Management LLC now owns 73,475 shares of the oil and gas company's stock valued at $8,738,000 after purchasing an additional 5,294 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XOM. Scotiabank reduced their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.40 during midday trading on Thursday, hitting $109.71. The stock had a trading volume of 17,447,260 shares, compared to its average volume of 15,625,469. The company has a market capitalization of $472.81 billion, a PE ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. The stock has a 50 day moving average price of $105.14 and a two-hundred day moving average price of $108.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

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 for the quarter, beating the consensus estimate of $1.73 by $0.03. The business 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 9.63% and a return on equity of 12.92%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 3.61%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 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.