Liberty Wealth Management LLC Grows Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Liberty Wealth Management LLC significantly increased its stake in Exxon Mobil Corporation by 2,045.9%, now holding 152,166 shares valued at approximately $18.1 million.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, exceeding estimates, while revenue fell 12.4% year-over-year to $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, yielding 3.6%, and has a dividend payout ratio of 52.52%.

Liberty Wealth Management LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2,045.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,166 shares of the oil and gas company's stock after purchasing an additional 145,075 shares during the quarter. Liberty Wealth Management LLC's holdings in Exxon Mobil were worth $18,097,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. raised its position in shares of Exxon Mobil by 0.6% in the first quarter. Bank of Nova Scotia Trust Co. now owns 23,340 shares of the oil and gas company's stock valued at $2,776,000 after buying an additional 141 shares during the last quarter. Aviso Wealth Management boosted its position in Exxon Mobil by 23.9% during the first quarter. Aviso Wealth Management now owns 16,326 shares of the oil and gas company's stock worth $1,942,000 after acquiring an additional 3,150 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Exxon Mobil by 14.7% during the 1st quarter. Pathway Financial Advisers LLC now owns 6,047 shares of the oil and gas company's stock valued at $719,000 after acquiring an additional 773 shares in the last quarter. Banco Santander S.A. raised its holdings in Exxon Mobil by 2.2% in the 1st quarter. Banco Santander S.A. now owns 420,303 shares of the oil and gas company's stock valued at $49,987,000 after acquiring an additional 9,212 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in shares of Exxon Mobil by 5.3% during the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 7,900 shares of the oil and gas company's stock worth $940,000 after purchasing an additional 400 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.8%

Shares of NYSE XOM opened at $109.61 on Friday. The business has a 50-day moving average of $109.48 and a two-hundred day moving average of $109.13. The company has a market capitalization of $472.38 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company earned $2.14 EPS. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group dropped 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. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Piper Sandler boosted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.42.

About Exxon Mobil

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.