Joule Financial LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Joule Financial LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,438 shares of the oil and gas company’s stock after acquiring an additional 1,101 shares during the quarter. Exxon Mobil accounts for 0.7% of Joule Financial LLC’s holdings, making the stock its 23rd largest position. Joule Financial LLC’s holdings in Exxon Mobil were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Princeton Global Asset Management LLC grew its position in Exxon Mobil by 19.2% during the first quarter. Princeton Global Asset Management LLC now owns 13,695 shares of the oil and gas company’s stock valued at $1,629,000 after buying an additional 2,205 shares during the period. Intergy Private Wealth LLC boosted its stake in shares of Exxon Mobil by 10.8% during the 1st quarter. Intergy Private Wealth LLC now owns 2,563 shares of the oil and gas company’s stock worth $305,000 after acquiring an additional 250 shares in the last quarter. Reliant Investment Management LLC boosted its stake in shares of Exxon Mobil by 3.8% during the 1st quarter. Reliant Investment Management LLC now owns 12,184 shares of the oil and gas company’s stock worth $1,449,000 after acquiring an additional 450 shares in the last quarter. Gateway Investment Advisers LLC grew its position in shares of Exxon Mobil by 2.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 908,442 shares of the oil and gas company’s stock valued at $108,041,000 after acquiring an additional 19,398 shares during the period. Finally, Seneca House Advisors increased its stake in shares of Exxon Mobil by 5.7% in the 1st quarter. Seneca House Advisors now owns 2,569 shares of the oil and gas company’s stock valued at $306,000 after purchasing an additional 138 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 2.4%

XOM stock opened at $104.29 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $105.42 and a two-hundred day moving average of $109.19. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market cap of $449.45 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the business earned $2.06 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.50.

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.