Leo Wealth LLC Has $3.17 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Leo Wealth LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 36.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,676 shares of the oil and gas company's stock after selling 15,531 shares during the quarter. Leo Wealth LLC's holdings in Exxon Mobil were worth $3,173,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil in the first quarter worth about $45,000. Clarity Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $51,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TD Cowen raised their target price 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. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a report on Tuesday. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Trading Down 0.9%

XOM opened at $112.90 on Wednesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a fifty day moving average of $108.39 and a 200-day moving average of $108.89. The stock has a market cap of $486.56 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 2.18 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 (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the business posted $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. Exxon Mobil's payout ratio is 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.

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