Hoxton Planning & Management LLC Takes $958,000 Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

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Hoxton Planning & Management LLC purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,059 shares of the oil and gas company's stock, valued at approximately $958,000.

Other hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the 1st quarter valued at $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.8%

NYSE:XOM opened at $112.02 on Thursday. The stock's 50 day moving average price is $109.17 and its 200 day moving average price is $109.13. The company has a market capitalization of $482.77 billion, a PE ratio of 14.86, a P/E/G ratio of 2.12 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the business posted $2.06 EPS. The company's revenue was up .1% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid 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 dividend yield of 3.54%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on XOM shares. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Piper Sandler increased their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada restated 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 assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Company 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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