Krilogy Financial LLC boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,345 shares of the oil and gas company's stock after acquiring an additional 2,515 shares during the quarter. Krilogy Financial LLC's holdings in Exxon Mobil were worth $2,657,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on XOM. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.50.
View Our Latest Stock Report on Exxon Mobil
Exxon Mobil Stock Up 2.1%
Exxon Mobil stock traded up $2.33 during trading on Friday, hitting $112.06. 28,512,903 shares of the company were exchanged, compared to its average volume of 15,681,765. The company has a market capitalization of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The business's 50 day moving average is $105.51 and its 200 day moving average is $108.78. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 annualized dividend and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.
Exxon Mobil Profile
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Free Report)
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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