Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Defined Wealth Management LLC

Defined Wealth Management LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% in the first quarter, Holdings Channel.com reports. The firm owned 4,252 shares of the oil and gas company’s stock after acquiring an additional 153 shares during the period. Defined Wealth Management LLC’s holdings in Exxon Mobil were worth $506,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 2.1%

Exxon Mobil stock opened at $112.06 on Friday. The firm’s 50-day moving average is $105.51 and its 200-day moving average is $108.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market cap of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49.

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, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. UBS Group reduced their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One 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.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Company 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.