HBK Sorce Advisory LLC Purchases 10,584 Shares of Exxon Mobil Corporation (NYSE:XOM)

HBK Sorce Advisory LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,071 shares of the oil and gas company's stock after buying an additional 10,584 shares during the quarter. HBK Sorce Advisory LLC's holdings in Exxon Mobil were worth $10,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Altus Wealth Group LLC grew its position in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after buying an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of 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 in the last quarter. WPWealth LLP lifted its stake 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 worth $990,000 after acquiring an additional 96 shares during the period. Centurion Wealth Management LLC grew its holdings in Exxon Mobil by 1.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after acquiring an additional 97 shares in the last quarter. Finally, Transcendent Capital Group LLC increased its position in Exxon Mobil by 2.0% during the 4th quarter. Transcendent Capital Group LLC now owns 5,132 shares of the oil and gas company's stock valued at $552,000 after purchasing an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.6%

NYSE:XOM opened at $110.15 on Friday. The company has a market capitalization of $474.71 billion, a P/E ratio of 14.61, a PEG ratio of 2.10 and a beta of 0.49. 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 12 month low of $97.80 and a 12 month high of $126.34. The firm has a fifty day simple moving average of $106.98 and a 200-day simple moving average of $108.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company 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%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 EPS. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group reduced their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.10.

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.

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