Shore Point Advisors LLC Has $1.11 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Shore Point Advisors LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 210.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,288 shares of the oil and gas company's stock after buying an additional 6,292 shares during the quarter. Exxon Mobil comprises 0.6% of Shore Point Advisors LLC's portfolio, making the stock its 28th biggest holding. Shore Point Advisors LLC's holdings in Exxon Mobil were worth $1,105,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Altus Wealth Group LLC lifted its position in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after buying an additional 94 shares during the period. Harvest Fund Management Co. Ltd raised its stake in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after acquiring an additional 94 shares in the last quarter. WPWealth LLP lifted its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares during the period. Centurion Wealth Management LLC boosted its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock valued at $944,000 after purchasing an additional 97 shares in the last quarter. Finally, Clarity Asset Management Inc. grew its holdings in shares of 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 worth $47,000 after purchasing an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $109.40 on Monday. The stock has a market cap of $471.49 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 2.12 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 stock's 50-day moving average price is $107.04 and its two-hundred day moving average price is $108.45. 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 (NYSE:XOM - Get Free Report) last issued 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. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.06 earnings per share. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm 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 3.62%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.10.

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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