Spirepoint Private Client LLC Acquires 4,060 Shares of Exxon Mobil Corporation (NYSE:XOM)

Spirepoint Private Client LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,064 shares of the oil and gas company's stock after acquiring an additional 4,060 shares during the period. Exxon Mobil accounts for 1.3% of Spirepoint Private Client LLC's holdings, making the stock its 19th biggest position. Spirepoint Private Client LLC's holdings in Exxon Mobil were worth $10,117,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Tallon Kerry Patrick bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $789,000. Union Bancaire Privee UBP SA acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $48,348,000. SOA Wealth Advisors LLC. lifted its position in Exxon Mobil by 29.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after acquiring an additional 1,595 shares during the last quarter. Compass Capital Corp MA ADV bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $2,877,000. Finally, Cassaday & Co Wealth Management LLC grew its position in shares of Exxon Mobil by 21.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 68,469 shares of the oil and gas company's stock valued at $7,365,000 after purchasing an additional 12,133 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $108.45 on Wednesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market cap of $467.39 billion, a PE ratio of 14.38, a PEG ratio of 2.24 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm's fifty day moving average price is $106.83 and its two-hundred day moving average price is $108.54.

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 for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday. 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 target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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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