MinichMacGregor Wealth Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,787 shares of the oil and gas company’s stock after buying an additional 641 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Exxon Mobil were worth $744,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Dark Forest Capital Management LP acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $27,000. Corrado Advisors LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $28,000. My Personal CFO LLC boosted its holdings in shares of Exxon Mobil by 15,000.0% during the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock worth $262,000 after buying an additional 300 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $36,000. Finally, Financial Connections Group Inc. boosted its holdings in shares of Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock worth $40,000 after buying an additional 338 shares during the period. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently commented on XOM shares. StockNews.com started coverage on shares of Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating for the company. Piper Sandler cut their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Finally, The Goldman Sachs Group lowered shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.70.
Insider Activity
Exxon Mobil Price Performance
Shares of NYSE:XOM opened at $107.46 on Tuesday. The company has a market cap of $434.46 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $106.89 and a 200 day simple moving average of $109.69. Exxon Mobil Co. has a one year low of $80.69 and a one year high of $119.92.
Exxon Mobil (NYSE:XOM – Free Report) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 EPS. Research analysts predict that Exxon Mobil Co. will post 9.46 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.
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.
Read More
- Five stocks we like better than Exxon Mobil
- Tesla Production Cranks Into High Gear, Shares Follow
- Ford Soars 30% YTD After Breaking Out: What’s Next?
- Acuity Brands Lights Up Opportunity In The Industrial Sector
- Overstock Looks Beyond Overbought After Bed Bath Re-Brand
- Tecnoglass Shines Bright As Analysts Bullish On Growth Potential
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Free Report).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
