Accel Wealth Management increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,091 shares of the oil and gas company’s stock after purchasing an additional 144 shares during the quarter. Accel Wealth Management’s holdings in Exxon Mobil were worth $449,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Axiom Financial Strategies LLC raised its stake in Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new position in Exxon Mobil during the first quarter worth $275,000. Loomis Sayles & Co. L P raised its stake in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 13,065 shares during the last quarter. Ergoteles LLC raised its stake in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new position in Exxon Mobil during the first quarter worth $237,000. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.
Exxon Mobil Stock Down 3.7 %
Exxon Mobil (NYSE:XOM – Free Report) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.07 earnings per share. Research analysts expect that Exxon Mobil Co. will post 9.46 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is 24.64%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. HSBC raised their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a report on Thursday, April 20th. Scotiabank cut shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. Finally, The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.70.
Exxon Mobil Company 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.
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