Whalen Wealth Management Inc. bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,531 shares of the oil and gas company's stock, valued at approximately $539,000.
Other large investors have also bought and sold shares of the company. Tallon Kerry Patrick bought a new position in shares of Exxon Mobil in the 4th quarter worth about $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the 4th quarter worth about $48,348,000. SOA Wealth Advisors LLC. raised its position in shares of Exxon Mobil by 29.5% in the 4th 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 in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Exxon Mobil by 2.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 169,944 shares of the oil and gas company's stock worth $18,281,000 after acquiring an additional 4,297 shares in the last quarter. Finally, First Bank & Trust raised its position in shares of Exxon Mobil by 68.8% in the 4th quarter. First Bank & Trust now owns 10,666 shares of the oil and gas company's stock worth $1,147,000 after acquiring an additional 4,349 shares in the last quarter. 61.80% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
XOM has been the subject of several research analyst reports. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.
Check Out Our Latest Research Report on XOM
Exxon Mobil Stock Performance
Shares of NYSE XOM traded down $3.29 during midday trading on Tuesday, reaching $108.45. The company's stock had a trading volume of 24,816,717 shares, compared to its average volume of 15,721,744. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a 50 day moving average price of $106.83 and a 200-day moving average price of $108.54. The stock has a market capitalization of $467.39 billion, a P/E 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 current ratio of 1.24 and a quick ratio of 0.90.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating 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 firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given 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 (DPR) is currently 52.52%.
Exxon Mobil Company Profile
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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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