Segment Wealth Management LLC Grows Holdings in Exxon Mobil Corporation (NYSE:XOM)

Segment Wealth Management LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,623 shares of the oil and gas company's stock after buying an additional 2,361 shares during the quarter. Exxon Mobil makes up 1.5% of Segment Wealth Management LLC's investment portfolio, making the stock its 11th largest position. Segment Wealth Management LLC's holdings in Exxon Mobil were worth $21,719,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. 10Elms LLP acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.81 on Friday. The firm has a market capitalization of $494.77 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.29 and a beta of 0.49. 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 current ratio of 1.24 and a quick ratio of 0.90. The business's 50-day simple moving average is $106.56 and its 200-day simple moving average is $108.60.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) 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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