Obermeyer Wealth Partners Purchases 25,777 Shares of Exxon Mobil Corporation (NYSE:XOM)

Obermeyer Wealth Partners increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,508 shares of the oil and gas company's stock after acquiring an additional 25,777 shares during the period. Obermeyer Wealth Partners' holdings in Exxon Mobil were worth $20,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. Summit Global Investments increased its holdings in Exxon Mobil by 50.2% during the 4th quarter. Summit Global Investments now owns 8,605 shares of the oil and gas company's stock valued at $926,000 after purchasing an additional 2,876 shares during the period. Clune & Associates LTD. bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $1,262,000. Woodmont Investment Counsel LLC lifted its holdings in shares of Exxon Mobil by 43.4% in the 4th quarter. Woodmont Investment Counsel LLC now owns 70,863 shares of the oil and gas company's stock valued at $7,623,000 after acquiring an additional 21,455 shares during the last quarter. Jackson Thornton Wealth Management LLC lifted its stake in Exxon Mobil by 39.9% in the fourth quarter. Jackson Thornton Wealth Management LLC now owns 4,222 shares of the oil and gas company's stock worth $454,000 after purchasing an additional 1,204 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC raised its stake in shares of Exxon Mobil by 7.2% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 3,171 shares of the oil and gas company's stock valued at $341,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XOM shares. 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. UBS Group reduced their price target 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. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Mizuho reduced their price target 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. Finally, TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company 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, eight have issued a buy rating and two 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 price target of $125.42.

Exxon Mobil Trading Up 0.1%

Exxon Mobil stock opened at $107.91 on Tuesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $465.06 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The firm's 50 day moving average price is $108.66 and its two-hundred day moving average price is $108.98.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 9.49% and a return on equity of 12.06%. The business's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 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.

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