Greenwood Capital Associates LLC Acquires 9,305 Shares of Exxon Mobil Co. (NYSE:XOM)

Greenwood Capital Associates LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,697 shares of the oil and gas company's stock after acquiring an additional 9,305 shares during the period. Exxon Mobil comprises approximately 1.2% of Greenwood Capital Associates LLC's investment portfolio, making the stock its 19th largest holding. Greenwood Capital Associates LLC's holdings in Exxon Mobil were worth $9,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $32,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM traded up $2.33 on Friday, hitting $112.06. The stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,681,765. The business's 50-day simple moving average is $105.51 and its two-hundred day simple moving average is $108.78. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market cap of $482.95 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the company earned $2.06 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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 issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

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.