Exxon Mobil Co. (NYSE:XOM) Stake Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,457,105 shares of the oil and gas company’s stock after acquiring an additional 40,623 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Exxon Mobil were worth $169,374,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of XOM. Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $46,000. Vima LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $80,000. Neo Ivy Capital Management acquired a new position in Exxon Mobil in the 4th quarter worth about $80,000. Finally, Orion Capital Management LLC acquired a new position in Exxon Mobil in the 3rd quarter worth about $91,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Truist Financial reissued a “hold” rating and set a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Piper Sandler increased their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.91 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of $453.09 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 4.11 and a beta of 0.92. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The business has a 50 day simple moving average of $115.42 and a 200 day simple moving average of $109.42.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the business earned $2.83 EPS. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. Exxon Mobil’s dividend payout ratio is 46.57%.

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.