U.S. Capital Wealth Advisors LLC Purchases 10,720 Shares of Exxon Mobil Corporation (NYSE:XOM)

U.S. Capital Wealth Advisors LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 297,610 shares of the oil and gas company's stock after buying an additional 10,720 shares during the quarter. Exxon Mobil comprises about 1.1% of U.S. Capital Wealth Advisors LLC's portfolio, making the stock its 11th largest holding. U.S. Capital Wealth Advisors LLC's holdings in Exxon Mobil were worth $35,395,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of XOM. Geode Capital Management LLC raised its stake in Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares in the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter worth about $6,936,737,000. Northern Trust Corp raised its position in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.3%

XOM traded down $0.39 during trading on Wednesday, reaching $113.80. 10,646,001 shares of the company's stock were exchanged, compared to its average volume of 15,768,001. Exxon Mobil Corporation has a one year low of $97.80 and a one year 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 stock has a market capitalization of $490.44 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.14 and a beta of 0.50. The firm has a fifty day moving average price of $107.48 and a two-hundred day moving average price of $108.62.

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 for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. The company's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share 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 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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. Scotiabank dropped their target price on shares of 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. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target 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.