WNY Asset Management LLC Has $2.34 Million Stake in Exxon Mobil Corporation (NYSE:XOM)

WNY Asset Management LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,690 shares of the oil and gas company's stock after purchasing an additional 2,439 shares during the period. WNY Asset Management LLC's holdings in Exxon Mobil were worth $2,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the first quarter worth about $29,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. lifted its position in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 3.4%

Shares of Exxon Mobil stock opened at $107.87 on Friday. The firm's 50 day moving average is $108.66 and its 200 day moving average is $108.97. The firm has a market capitalization of $464.88 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly 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. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil's payout ratio is currently 52.52%.

Analyst Ratings Changes

Several brokerages have recently weighed in on XOM. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 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 research note on Tuesday, May 13th. Finally, Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

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.

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