Hohimer Wealth Management LLC Has $5.72 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Hohimer Wealth Management LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 31.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,124 shares of the oil and gas company's stock after purchasing an additional 11,598 shares during the quarter. Exxon Mobil comprises about 1.1% of Hohimer Wealth Management LLC's portfolio, making the stock its 20th biggest position. Hohimer Wealth Management LLC's holdings in Exxon Mobil were worth $5,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Proficio Capital Partners LLC boosted its holdings in Exxon Mobil by 35.3% in the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after acquiring an additional 4,760 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $144,000. Atlanta Consulting Group Advisors LLC grew its position in Exxon Mobil by 3.8% in the 4th quarter. Atlanta Consulting Group Advisors LLC now owns 26,452 shares of the oil and gas company's stock valued at $2,845,000 after purchasing an additional 970 shares during the period. Gray Wealth Management Inc. increased its stake in Exxon Mobil by 11.0% during the 4th quarter. Gray Wealth Management Inc. now owns 21,333 shares of the oil and gas company's stock valued at $2,295,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Addison Capital Co increased its stake in Exxon Mobil by 2.1% during the 4th quarter. Addison Capital Co now owns 14,648 shares of the oil and gas company's stock valued at $1,576,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on XOM shares. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. UBS Group decreased 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. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given 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 $126.05.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.05 on Tuesday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The firm's 50-day simple moving average is $108.23 and its two-hundred day simple moving average is $108.86. The firm has a market cap of $491.52 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 2.21 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the firm posted $2.06 EPS. Exxon Mobil's revenue was up .1% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. Exxon Mobil's dividend payout ratio is presently 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.

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