World Investment Advisors Has $18.72 Million Position in Exxon Mobil Corporation (NYSE:XOM)

World Investment Advisors boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,375 shares of the oil and gas company's stock after purchasing an additional 8,771 shares during the period. World Investment Advisors' holdings in Exxon Mobil were worth $18,717,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter worth $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Clarity Asset Management Inc. lifted its stake in 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. Finally, ZynergyRetirementPlanningLLC lifted its stake in Exxon Mobil by 29.2% in the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock valued at $53,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on XOM shares. Mizuho cut 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. Piper Sandler raised Exxon Mobil from a "hold" rating to a "strong-buy" rating and raised their price target for the company from $125.00 to $131.00 in a report on Wednesday, July 2nd. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $125.40.

Exxon Mobil Stock Down 1.0%

Shares of Exxon Mobil stock traded down $1.07 during trading on Monday, hitting $111.13. 15,410,459 shares of the stock traded hands, compared to its average volume of 15,770,204. The stock has a market cap of $478.93 billion, a P/E ratio of 14.74, a PEG ratio of 2.16 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a fifty day moving average price of $107.32 and a two-hundred day moving average price of $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 EPS. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil's dividend payout ratio is 52.52%.

Exxon Mobil 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.