Destiny Wealth Partners LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Destiny Wealth Partners LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 13.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,260 shares of the oil and gas company’s stock after acquiring an additional 1,064 shares during the period. Destiny Wealth Partners LLC’s holdings in Exxon Mobil were worth $1,015,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in XOM. Stone House Investment Management LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $25,000. Dark Forest Capital Management LP purchased a new position in shares of Exxon Mobil in the 4th quarter worth $27,000. Corrado Advisors LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $28,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Exxon Mobil in the 4th quarter worth $36,000. Finally, Financial Connections Group Inc. raised its position in shares of Exxon Mobil by 1,207.1% in 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. Institutional investors and hedge funds own 58.59% of the company’s stock.

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Insider Activity

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on XOM. Truist Financial increased their target price on Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. Piper Sandler cut their target price on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Morgan Stanley increased their target price on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. The Goldman Sachs Group lowered Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Monday, May 1st. Finally, Mizuho cut their price objective on Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $124.70.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $101.38 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $105.31 and a two-hundred day moving average of $109.47. Exxon Mobil Co. has a 52 week low of $83.89 and a 52 week high of $119.92. The company has a market cap of $409.88 billion, a P/E ratio of 6.86, a PEG ratio of 0.55 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. The company had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 9.45 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.59%. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

About Exxon Mobil

(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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