Simplicity Wealth LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Simplicity Wealth LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 161.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,451 shares of the oil and gas company's stock after purchasing an additional 23,133 shares during the period. Simplicity Wealth LLC's holdings in Exxon Mobil were worth $4,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Tallon Kerry Patrick purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil during the 4th quarter worth $48,348,000. Benchmark Financial Wealth Advisors LLC increased its holdings in Exxon Mobil by 14.0% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,163 shares of the oil and gas company's stock worth $233,000 after acquiring an additional 266 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in Exxon Mobil by 0.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 32,131 shares of the oil and gas company's stock valued at $3,456,000 after purchasing an additional 266 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its position in Exxon Mobil by 3.0% during the fourth quarter. Trilogy Capital Inc. now owns 31,185 shares of the oil and gas company's stock worth $3,355,000 after purchasing an additional 907 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

XOM traded up $2.24 during midday trading on Tuesday, hitting $107.21. 17,621,679 shares of the company traded hands, compared to its average volume of 15,567,968. The company's 50-day moving average is $105.14 and its 200 day moving average is $108.90. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market capitalization of $462.04 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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, beating analysts' consensus estimates of $1.73 by $0.03. The company 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 12.92% and a net margin of 9.63%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 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.