1900 Wealth Management LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

1900 Wealth Management LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,452 shares of the oil and gas company’s stock after buying an additional 120 shares during the quarter. 1900 Wealth Management LLC’s holdings in Exxon Mobil were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Pacific Financial acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $34,000. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Vima LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $80,000. Finally, Neo Ivy Capital Management acquired a new position in Exxon Mobil in the 4th quarter worth about $80,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.7 %

Exxon Mobil stock traded down $0.80 during midday trading on Tuesday, reaching $117.87. The company’s stock had a trading volume of 14,479,152 shares, compared to its average volume of 18,490,930. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $464.76 billion, a P/E ratio of 14.44, a P/E/G ratio of 4.17 and a beta of 0.96. The business has a 50-day simple moving average of $117.48 and a 200-day simple moving average of $107.71.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XOM. UBS Group upped their price target on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. HSBC increased their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $135.00.

Read Our Latest Research Report on Exxon Mobil

Exxon Mobil Profile

(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.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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