Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Phillips Financial Management LLC

Phillips Financial Management LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,495 shares of the oil and gas company’s stock after buying an additional 153 shares during the quarter. Phillips Financial Management LLC’s holdings in Exxon Mobil were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil during the first quarter worth approximately $45,000. Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XOM shares. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Finally, Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.05.

Exxon Mobil Trading Up 0.4%

NYSE:XOM opened at $115.40 on Friday. The firm has a market cap of $497.33 billion, a P/E ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $108.01 and its 200-day simple moving average is $108.78. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

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.