Brio Consultants LLC Raises Stake in Exxon Mobil Corporation (NYSE:XOM)

Brio Consultants LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 170.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,678 shares of the oil and gas company’s stock after purchasing an additional 3,581 shares during the period. Brio Consultants LLC’s holdings in Exxon Mobil were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of XOM. Quantinno Capital Management LP boosted its position in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $55,000. Journey Strategic Wealth LLC grew its stake in shares of Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after purchasing an additional 1,379 shares during the period. Legacy Trust grew its stake in shares of Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after purchasing an additional 997 shares during the period. Finally, Hartford Funds Management Co LLC grew its stake in shares of Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after purchasing an additional 2,617 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.9%

Shares of XOM stock opened at $111.43 on Tuesday. The stock’s fifty day moving average is $108.85 and its two-hundred day moving average is $109.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market capitalization of $480.22 billion, a P/E ratio of 14.78, a PEG ratio of 2.08 and a beta of 0.50. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

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.