Oakwell Private Wealth Management LLC Takes $470,000 Position in Exxon Mobil Corporation (NYSE:XOM)

Oakwell Private Wealth Management LLC purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,950 shares of the oil and gas company's stock, valued at approximately $470,000.

Several other hedge funds also recently modified their holdings of the stock. 10Elms LLP purchased a new position in Exxon Mobil during the 4th quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth $29,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $32,000. Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter worth $45,000. Finally, Clarity Asset Management Inc. lifted its stake in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.6%

Shares of Exxon Mobil stock opened at $108.69 on Tuesday. The business has a fifty day simple moving average of $108.66 and a 200-day simple moving average of $108.98. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market cap of $468.43 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 2.01 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 quarterly earnings data 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. The firm 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 quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. 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 3.64%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Piper Sandler raised their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.42.

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.

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