ACT Advisors LLC. Purchases New Stake in Exxon Mobil Co. (NYSE:XOM)

ACT Advisors LLC. purchased a new stake in Exxon Mobil Co. (NYSE:XOM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,771 shares of the oil and gas company’s stock, valued at approximately $211,000.

Other institutional investors have also recently modified their holdings of the company. Eclectic Associates Inc. ADV raised its holdings in shares of Exxon Mobil by 1.2% in the first quarter. Eclectic Associates Inc. ADV now owns 13,747 shares of the oil and gas company’s stock worth $1,635,000 after acquiring an additional 162 shares during the last quarter. Cypress Wealth Services LLC grew its position in shares of Exxon Mobil by 1.8% in the first quarter. Cypress Wealth Services LLC now owns 16,035 shares of the oil and gas company’s stock valued at $1,907,000 after purchasing an additional 290 shares during the period. Fermata Advisors LLC grew its position in shares of Exxon Mobil by 36.3% in the first quarter. Fermata Advisors LLC now owns 11,066 shares of the oil and gas company’s stock valued at $1,316,000 after purchasing an additional 2,950 shares during the period. HF Advisory Group LLC grew its position in shares of Exxon Mobil by 16.5% in the first quarter. HF Advisory Group LLC now owns 22,642 shares of the oil and gas company’s stock valued at $2,693,000 after purchasing an additional 3,210 shares during the period. Finally, Warren Street Wealth Advisors LLC grew its position in shares of Exxon Mobil by 18.1% in the first quarter. Warren Street Wealth Advisors LLC now owns 3,715 shares of the oil and gas company’s stock valued at $442,000 after purchasing an additional 569 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.4%

Shares of Exxon Mobil stock opened at $102.33 on Thursday. 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 business’s 50 day simple moving average is $106.06 and its 200-day simple moving average is $109.42. The stock has a market capitalization of $441.01 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

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 for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analysts Set New Price Targets

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