Wealthfront Advisers LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,087 shares of the oil and gas company's stock after purchasing an additional 51,708 shares during the period. Wealthfront Advisers LLC's holdings in Exxon Mobil were worth $56,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter worth $29,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil during the first quarter worth $45,000. Finally, Clarity Asset Management Inc. raised its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Trading Down 2.5%
Shares of XOM traded down $2.81 during mid-day trading on Friday, reaching $108.85. The stock had a trading volume of 10,957,543 shares, compared to its average volume of 15,770,968. 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 business's fifty day moving average is $108.65 and its 200 day moving average is $108.96. The firm has a market cap of $469.12 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.09 and a beta of 0.50.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on XOM. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.
View Our Latest Stock Analysis on XOM
About Exxon Mobil
(
Free Report)
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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