Raleigh Capital Management Inc. Has $2.59 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Raleigh Capital Management Inc. lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,813 shares of the oil and gas company's stock after selling 3,239 shares during the quarter. Exxon Mobil makes up about 1.2% of Raleigh Capital Management Inc.'s portfolio, making the stock its 15th biggest position. Raleigh Capital Management Inc.'s holdings in Exxon Mobil were worth $2,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil in the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. grew its stake 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 valued at $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Piper Sandler raised their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.55.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.19 on Wednesday. The stock has a market cap of $492.12 billion, a P/E ratio of 15.14, a PEG ratio of 2.14 and a beta of 0.50. The stock has a 50 day simple moving average of $107.48 and a 200 day simple moving average of $108.62. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

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 for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 EPS. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.47%. Exxon Mobil's dividend payout ratio is presently 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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