Arete Wealth Advisors LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 68,154 shares of the oil and gas company’s stock, valued at approximately $7,473,769,000,000. Exxon Mobil accounts for 0.6% of Arete Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest position.
Several other large investors also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC grew its holdings in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $275,000. Loomis Sayles & Co. L P grew its holdings in shares of Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC boosted its holdings in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in Exxon Mobil in the first quarter worth $237,000. 58.59% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Stock Up 0.5 %
Shares of XOM opened at $103.89 on Monday. The company has a 50-day simple moving average of $104.93 and a 200-day simple moving average of $109.30. The firm has a market capitalization of $420.03 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. Exxon Mobil Co. has a 52 week low of $83.89 and a 52 week high of $119.92.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on XOM. Truist Financial upped their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. StockNews.com began coverage on shares of Exxon Mobil in a report on Thursday, May 18th. They issued a “hold” rating for the company. Wolfe Research cut shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. HSBC upped their price objective 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. Finally, Jefferies Financial Group decreased their price objective on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus target price of $124.66.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of the 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 completion of the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.
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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