2,887 Shares in Exxon Mobil Corporation (NYSE:XOM) Bought by Lord & Richards Wealth Management LLC

Lord & Richards Wealth Management LLC purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,887 shares of the oil and gas company's stock, valued at approximately $343,000.

A number of other hedge funds also recently bought and sold shares of XOM. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter valued at $29,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. raised its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.6%

XOM stock traded down $0.66 during trading on Wednesday, hitting $112.26. 11,157,659 shares of the company's stock traded hands, compared to its average volume of 15,777,621. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The business has a fifty day simple moving average of $108.39 and a two-hundred day simple moving average of $108.89. The firm has a market capitalization of $483.78 billion, a P/E ratio of 14.89, a PEG 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 posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective 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. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. 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 note on Tuesday, May 13th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil 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.