Silver Oak Securities Incorporated Has $3.71 Million Stake in Exxon Mobil Corporation (NYSE:XOM)

Silver Oak Securities Incorporated boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 32.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,512 shares of the oil and gas company's stock after purchasing an additional 7,675 shares during the period. Silver Oak Securities Incorporated's holdings in Exxon Mobil were worth $3,710,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Calamos Wealth Management LLC grew its holdings in shares of Exxon Mobil by 76.2% during the first quarter. Calamos Wealth Management LLC now owns 37,128 shares of the oil and gas company's stock worth $4,416,000 after purchasing an additional 16,053 shares during the last quarter. Calamos Advisors LLC grew its holdings in Exxon Mobil by 8.5% during the 1st quarter. Calamos Advisors LLC now owns 1,240,414 shares of the oil and gas company's stock worth $147,522,000 after acquiring an additional 97,696 shares during the last quarter. Cohen Investment Advisors LLC increased its position in Exxon Mobil by 3.3% in the 1st quarter. Cohen Investment Advisors LLC now owns 33,114 shares of the oil and gas company's stock valued at $3,938,000 after acquiring an additional 1,063 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of Exxon Mobil by 2.0% in the first quarter. Aviance Capital Partners LLC now owns 65,793 shares of the oil and gas company's stock worth $7,825,000 after acquiring an additional 1,302 shares during the last quarter. Finally, MBA Advisors LLC lifted its position in shares of Exxon Mobil by 0.8% during the first quarter. MBA Advisors LLC now owns 12,406 shares of the oil and gas company's stock worth $1,475,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 1.0%

Shares of XOM stock traded down $1.07 on Monday, hitting $111.13. The stock had a trading volume of 15,410,459 shares, compared to its average volume of 15,770,223. The firm has a market cap of $478.93 billion, a P/E ratio of 14.74, a PEG ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $107.32 and a two-hundred day moving average price of $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results 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 return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 earnings per share. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.56%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Scotiabank dropped their target price on 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. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Piper Sandler raised Exxon Mobil from a "hold" rating to a "strong-buy" rating and boosted their price objective for the stock from $125.00 to $131.00 in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $125.40.

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.