Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,671 shares of the oil and gas company's stock after buying an additional 2,712 shares during the quarter. Exxon Mobil comprises about 5.4% of Legacy Capital Wealth Partners LLC's investment portfolio, making the stock its 3rd biggest position. Legacy Capital Wealth Partners LLC's holdings in Exxon Mobil were worth $24,698,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Napatree Capital LLC boosted its position in Exxon Mobil by 8.4% during the first quarter. Napatree Capital LLC now owns 10,223 shares of the oil and gas company's stock worth $1,216,000 after acquiring an additional 788 shares during the last quarter. Lineweaver Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 9.4% during the 1st quarter. Lineweaver Wealth Advisors LLC now owns 31,665 shares of the oil and gas company's stock worth $3,767,000 after purchasing an additional 2,724 shares during the period. Allen Capital Group LLC lifted its stake in shares of Exxon Mobil by 4.6% during the 1st quarter. Allen Capital Group LLC now owns 26,669 shares of the oil and gas company's stock worth $3,172,000 after purchasing an additional 1,167 shares during the period. BIP Alliance LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $209,000. Finally, Trust Investment Advisors grew its position in shares of Exxon Mobil by 5.3% in the first quarter. Trust Investment Advisors now owns 13,333 shares of the oil and gas company's stock valued at $1,586,000 after purchasing an additional 668 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Mizuho reduced 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. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler raised their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Stock Down 3.4%

Shares of NYSE:XOM traded down $3.79 during midday trading on Friday, hitting $107.87. 32,323,515 shares of the company's stock traded hands, compared to its average volume of 15,861,809. The firm's fifty day moving average price is $108.65 and its two-hundred day moving average price is $108.96. 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 Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market cap of $464.88 billion, a PE ratio of 14.31, a P/E/G ratio of 2.08 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 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 analysts' expectations of $86.11 billion. During the same quarter in the previous year, the firm posted $2.06 earnings per share. The firm's quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. Exxon Mobil's payout ratio is currently 52.52%.

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.