Traveka Wealth LLC Boosts Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Traveka Wealth LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 31.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,653 shares of the oil and gas company's stock after acquiring an additional 2,329 shares during the period. Traveka Wealth LLC's holdings in Exxon Mobil were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its holdings in shares of Exxon Mobil by 35.3% in the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock valued at $1,963,000 after purchasing an additional 4,760 shares during the period. Edgestream Partners L.P. acquired a new stake in Exxon Mobil during the fourth quarter valued at $863,000. Kendall Capital Management raised its holdings in Exxon Mobil by 24.0% in the 4th quarter. Kendall Capital Management now owns 3,649 shares of the oil and gas company's stock worth $393,000 after purchasing an additional 706 shares during the period. Solitude Financial Services lifted its position in shares of Exxon Mobil by 9.0% during the 4th quarter. Solitude Financial Services now owns 30,585 shares of the oil and gas company's stock valued at $3,290,000 after buying an additional 2,537 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Exxon Mobil by 1.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,177,366 shares of the oil and gas company's stock valued at $234,219,000 after purchasing an additional 37,511 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.8%

XOM traded up $0.88 on Thursday, hitting $114.68. 7,693,056 shares of the company were exchanged, compared to its average volume of 15,752,998. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market cap of $494.22 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. 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 firm has a 50-day moving average price of $107.65 and a two-hundred day moving average price of $108.66.

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 for the quarter, topping the consensus estimate 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 last year, the company earned $2.06 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XOM shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley dropped 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. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.55.

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.