Prevail Innovative Wealth Advisors LLC Buys 37,577 Shares of Exxon Mobil Corporation (NYSE:XOM)

Prevail Innovative Wealth Advisors LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 586.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,980 shares of the oil and gas company's stock after buying an additional 37,577 shares during the quarter. Exxon Mobil makes up approximately 1.4% of Prevail Innovative Wealth Advisors LLC's investment portfolio, making the stock its 19th largest position. Prevail Innovative Wealth Advisors LLC's holdings in Exxon Mobil were worth $5,231,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. 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 research report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $2.25 during midday trading on Friday, reaching $109.42. The stock had a trading volume of 9,116,180 shares, compared to its average volume of 15,764,612. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm's 50-day moving average price is $108.65 and its 200 day moving average price is $108.96. The firm has a market capitalization of $471.54 billion, a PE ratio of 14.47, a P/E/G ratio of 2.09 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 announced its quarterly earnings data 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. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the business posted $2.06 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts predict 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. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 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.