Mutual Advisors LLC Raises Stake in Exxon Mobil Corporation (NYSE:XOM)

Mutual Advisors LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,917 shares of the oil and gas company's stock after purchasing an additional 4,203 shares during the period. Mutual Advisors LLC's holdings in Exxon Mobil were worth $11,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in XOM. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $32,000. Clarity Asset Management Inc. raised its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the period. Finally, ZynergyRetirementPlanningLLC raised its position in Exxon Mobil by 29.2% during the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock worth $53,000 after acquiring an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. UBS Group reduced their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil Trading Up 1.0%

Shares of XOM stock traded up $1.10 during trading hours on Friday, hitting $112.15. The company had a trading volume of 11,223,580 shares, compared to its average volume of 15,771,659. The company's fifty day moving average is $107.32 and its 200 day moving average is $108.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market capitalization of $483.33 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal 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 issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil's payout ratio is 52.52%.

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.