Mraz Amerine & Associates Inc. Acquires New Shares in Exxon Mobil Corporation (NYSE:XOM)

Mraz Amerine & Associates Inc. purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,548 shares of the oil and gas company's stock, valued at approximately $418,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Topsail Wealth Management LLC lifted its position in Exxon Mobil by 47.4% during the 1st quarter. Topsail Wealth Management LLC now owns 4,759 shares of the oil and gas company's stock worth $566,000 after acquiring an additional 1,531 shares during the period. Banque Pictet & Cie SA raised its stake in shares of Exxon Mobil by 99.9% during the 1st quarter. Banque Pictet & Cie SA now owns 28,700 shares of the oil and gas company's stock valued at $3,413,000 after buying an additional 14,345 shares during the last quarter. Twelve Points Wealth Management LLC raised its stake in shares of Exxon Mobil by 6.2% during the 1st quarter. Twelve Points Wealth Management LLC now owns 23,740 shares of the oil and gas company's stock valued at $2,823,000 after buying an additional 1,391 shares during the last quarter. Slagle Financial LLC raised its stake in shares of Exxon Mobil by 1.0% during the 1st quarter. Slagle Financial LLC now owns 44,662 shares of the oil and gas company's stock valued at $5,312,000 after buying an additional 444 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in shares of Exxon Mobil by 53.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 4,580 shares of the oil and gas company's stock valued at $545,000 after buying an additional 1,604 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM traded up $0.47 during trading on Friday, reaching $115.40. The company's stock had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. 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 fifty day simple moving average of $108.01 and a two-hundred day simple moving average of $108.78. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 earnings per share. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XOM shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank lifted their price objective on Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Friday. Piper Sandler lifted their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have given 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 company has a consensus rating of "Moderate Buy" and a consensus 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.