Moss Adams Wealth Advisors LLC Acquires 3,167 Shares of Exxon Mobil Co. (NYSE:XOM)

Moss Adams Wealth Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 9.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,110 shares of the oil and gas company's stock after purchasing an additional 3,167 shares during the period. Exxon Mobil comprises about 0.5% of Moss Adams Wealth Advisors LLC's investment portfolio, making the stock its 20th largest position. Moss Adams Wealth Advisors LLC's holdings in Exxon Mobil were worth $4,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Beacon Capital Management LLC increased its position in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after purchasing an additional 93 shares during the period. Altus Wealth Group LLC increased its position in shares of Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after purchasing an additional 94 shares during the period. Harvest Fund Management Co. Ltd grew its position in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after acquiring an additional 94 shares during the period. WPWealth LLP grew its position in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares during the period. Finally, Financial Management Network Inc. grew its position in Exxon Mobil by 1.2% in the fourth quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock valued at $910,000 after acquiring an additional 97 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Trading Up 1.9%

NYSE:XOM traded up $2.09 during mid-day trading on Wednesday, hitting $109.31. The company had a trading volume of 22,618,762 shares, compared to its average volume of 15,610,014. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business's fifty day moving average is $105.14 and its two-hundred day moving average is $108.89. The firm has a market cap of $471.08 billion, a P/E ratio of 13.94, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company 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 earned $2.06 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

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.