PFG Advisors Has $4.11 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

PFG Advisors boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,557 shares of the oil and gas company's stock after purchasing an additional 4,557 shares during the period. PFG Advisors' holdings in Exxon Mobil were worth $4,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Axis Wealth Partners LLC increased its stake in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after acquiring an additional 93 shares during the last quarter. 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 worth $990,000 after acquiring an additional 96 shares in the last quarter. Ascent Capital Management LLC lifted its holdings in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares during the period. DDD Partners LLC increased its stake in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after purchasing an additional 96 shares in the last quarter. Finally, Clarity Asset Management Inc. boosted its holdings in Exxon Mobil by 29.7% in the fourth 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 and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.04 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 company's fifty day moving average is $108.66 and its two-hundred day moving average is $108.98. The stock has a market capitalization of $465.63 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.01 and a beta of 0.50.

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 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.06 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

Several analysts have recently commented on XOM shares. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Company 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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