McGlone Suttner Wealth Management Inc. Grows Stake in Exxon Mobil Corporation (NYSE:XOM)

McGlone Suttner Wealth Management Inc. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,442 shares of the oil and gas company's stock after purchasing an additional 2,289 shares during the quarter. McGlone Suttner Wealth Management Inc.'s holdings in Exxon Mobil were worth $1,837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. Clarity Asset Management Inc. grew its position 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 during the period. Finally, ZynergyRetirementPlanningLLC grew its position in shares of Exxon Mobil by 29.2% in the 1st quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock valued at $53,000 after purchasing an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock traded up $3.08 during midday trading on Tuesday, hitting $114.19. The company's stock had a trading volume of 17,907,952 shares, compared to its average volume of 15,778,755. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $492.12 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. The company has a 50 day moving average of $107.37 and a two-hundred day moving average of $108.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping 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 business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the company posted $2.06 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.47%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. Mizuho cut 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. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.55.

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.