Ritholtz Wealth Management Acquires 12,488 Shares of Exxon Mobil Co. (NYSE:XOM)

Ritholtz Wealth Management lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,351 shares of the oil and gas company's stock after buying an additional 12,488 shares during the period. Ritholtz Wealth Management's holdings in Exxon Mobil were worth $9,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brucke Financial Inc. boosted its position in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock worth $808,000 after buying an additional 142 shares during the period. Affinity Capital Advisors LLC boosted its position in shares of Exxon Mobil by 885.4% during the first quarter. Affinity Capital Advisors LLC now owns 21,668 shares of the oil and gas company's stock worth $2,577,000 after buying an additional 19,469 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Exxon Mobil by 1.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 98,236 shares of the oil and gas company's stock worth $11,683,000 after buying an additional 1,260 shares during the period. Dohj LLC boosted its position in shares of Exxon Mobil by 5.8% during the first quarter. Dohj LLC now owns 10,559 shares of the oil and gas company's stock worth $1,256,000 after buying an additional 581 shares during the period. Finally, Tcfg Wealth Management LLC boosted its position in shares of Exxon Mobil by 2.9% during the first quarter. Tcfg Wealth Management LLC now owns 9,546 shares of the oil and gas company's stock worth $1,135,000 after buying an additional 266 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $2.33 during trading hours on Friday, reaching $112.06. 28,512,903 shares of the stock were exchanged, compared to its average volume of 15,691,277. The firm has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The stock's fifty day simple moving average is $105.51 and its 200 day simple moving average is $108.72.

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, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The company's revenue was up .1% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS 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 paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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.