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

Octavia Wealth Advisors LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 20.0% during the first quarter, HoldingsChannel.com reports. The firm owned 6,077 shares of the oil and gas company’s stock after purchasing an additional 1,013 shares during the period. Octavia Wealth Advisors LLC’s holdings in Exxon Mobil were worth $723,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Investment Advisory Group LLC lifted its position in shares of Exxon Mobil by 1.0% in the first quarter. Investment Advisory Group LLC now owns 12,467 shares of the oil and gas company’s stock valued at $1,483,000 after acquiring an additional 124 shares in the last quarter. Everest Management Corp. purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $271,000. Tounjian Advisory Partners LLC purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $6,699,000. Pallas Capital Advisors LLC lifted its position in shares of Exxon Mobil by 2.6% in the first quarter. Pallas Capital Advisors LLC now owns 177,396 shares of the oil and gas company’s stock valued at $21,098,000 after acquiring an additional 4,509 shares in the last quarter. Finally, WFA Asset Management Corp lifted its position in shares of Exxon Mobil by 21.0% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after acquiring an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Mizuho reduced their price objective 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. Finally, Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. One research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Trading Up 0.7%

XOM opened at $104.97 on Tuesday. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market capitalization of $452.36 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day moving average price of $105.14 and a 200 day moving average price of $108.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 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.