Signal Advisors Wealth LLC Acquires 3,291 Shares of Exxon Mobil Co. (NYSE:XOM)

Signal Advisors Wealth LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 27.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,501 shares of the oil and gas company's stock after purchasing an additional 3,291 shares during the period. Signal Advisors Wealth LLC's holdings in Exxon Mobil were worth $1,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter worth $6,936,737,000. GAMMA Investing LLC lifted its stake in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Bank of New York Mellon Corp increased its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Franklin Resources Inc. grew its holdings in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Scotiabank cut their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.70 during midday trading on Monday, hitting $104.97. 17,084,622 shares of the company's stock traded hands, compared to its average volume of 15,559,719. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market capitalization of $452.36 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth 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. The firm has a fifty day moving average of $105.42 and a 200 day moving average of $109.02.

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, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is 52.52%.

Exxon Mobil Company 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.