Sound View Wealth Advisors Group LLC Has $7.44 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Sound View Wealth Advisors Group LLC reduced its holdings in Exxon Mobil by 10.1%, now owning 62,532 shares valued at $7.44 million.
• Exxon Mobil's stock received mixed ratings from analysts, with one sell, ten hold, eight buy, and two strong buy ratings resulting in a consensus target price of $125.42.
• The company recently declared a quarterly dividend of $0.99 per share, yielding 3.54%, with a payout ratio of 52.52%.

Sound View Wealth Advisors Group LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,532 shares of the oil and gas company's stock after selling 7,043 shares during the period. Sound View Wealth Advisors Group LLC's holdings in Exxon Mobil were worth $7,437,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. raised its holdings in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Piper Sandler boosted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Stock Down 0.8%

Shares of Exxon Mobil stock opened at $112.02 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm's 50-day moving average is $109.17 and its two-hundred day moving average is $109.13. The stock has a market cap of $482.77 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.12 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for 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 firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 EPS. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's 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.

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