Wakefield Asset Management LLLP Makes New $301,000 Investment in Exxon Mobil Corporation (NYSE:XOM)

Wakefield Asset Management LLLP purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,531 shares of the oil and gas company's stock, valued at approximately $301,000.

A number of other hedge funds have also bought and sold shares of XOM. Axis Wealth Partners LLC lifted its stake in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after acquiring an additional 93 shares during the last quarter. WPWealth LLP lifted its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after acquiring an additional 96 shares during the last quarter. Ascent Capital Management LLC lifted its stake in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after acquiring an additional 96 shares during the last quarter. DDD Partners LLC lifted its stake in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Clarity Asset Management Inc. lifted its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Stock Up 0.9%

NYSE XOM traded up $0.94 on Thursday, hitting $110.87. The stock had a trading volume of 15,632,983 shares, compared to its average volume of 14,628,414. The business's fifty day moving average price is $108.70 and its 200 day moving average price is $109.01. 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 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market cap of $477.80 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50.

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, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the firm posted $2.06 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil's dividend payout ratio is presently 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.