Lineweaver Wealth Advisors LLC Purchases 2,724 Shares of Exxon Mobil Corporation (NYSE:XOM)

Lineweaver Wealth Advisors LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,665 shares of the oil and gas company's stock after purchasing an additional 2,724 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in Exxon Mobil were worth $3,767,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of XOM. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter worth $6,936,737,000. GAMMA Investing LLC increased its holdings in Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Franklin Resources Inc. increased its holdings in Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Northern Trust Corp increased its holdings in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Exxon Mobil in the 4th quarter worth about $240,653,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. 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. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Trading Down 3.4%

Shares of NYSE:XOM traded down $3.79 during midday trading on Friday, reaching $107.87. The company's stock had a trading volume of 32,323,515 shares, compared to its average volume of 15,850,465. The firm has a market capitalization of $464.88 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a 50 day moving average price of $108.65 and a two-hundred day moving average price of $108.96. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend 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.