Exxon Mobil Corporation (NYSE:XOM) Shares Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its holdings in Exxon Mobil Corporation by 42.6% during the first quarter, acquiring an additional 67,840 shares, bringing its total ownership to 227,202 shares valued at approximately $27 million.
• Brokerages have issued new price targets for Exxon Mobil, with TD Cowen increasing their target from $120 to $128 and UBS Group lowering it from $135 to $131, both maintaining a "buy" rating.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing an annual yield of 3.59% with a payout ratio of 52.52%.

HB Wealth Management LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 42.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,202 shares of the oil and gas company's stock after buying an additional 67,840 shares during the quarter. HB Wealth Management LLC's holdings in Exxon Mobil were worth $27,021,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil during the first quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. increased its holdings in 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 worth $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.68 during trading on Wednesday, reaching $112.20. The stock had a trading volume of 4,645,664 shares, compared to its average volume of 16,750,760. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The business has a fifty day moving average price of $109.01 and a 200-day moving average price of $109.11. The stock has a market cap of $483.55 billion, a PE ratio of 14.88, a PEG ratio of 2.10 and a beta of 0.50. 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 released its 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 firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analysts Set New Price Targets

A number of research firms have commented on XOM. UBS Group reduced their price target 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. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.42.

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.