CGN Advisors LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

CGN Advisors LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 47.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,144 shares of the oil and gas company’s stock after buying an additional 1,652 shares during the quarter. CGN Advisors LLC’s holdings in Exxon Mobil were worth $612,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XOM shares. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Up 0.8%

Shares of XOM opened at $103.85 on Wednesday. The business’s 50 day simple moving average is $106.37 and its 200-day simple moving average is $109.47. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market capitalization of $447.56 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 EPS. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. 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 will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.81%. Exxon Mobil’s payout ratio is presently 52.52%.

Exxon Mobil 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.