Polaris Wealth Advisory Group LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 57.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,741 shares of the oil and gas company’s stock after acquiring an additional 3,904 during the period. Polaris Wealth Advisory Group LLC’s holdings in Exxon Mobil were worth $914,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in XOM. Patriot Financial Group Insurance Agency LLC raised its stake in Exxon Mobil by 13.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 24,022 shares of the oil and gas company’s stock valued at $1,470,000 after buying an additional 2,803 shares during the period. Stolper Co raised its stake in Exxon Mobil by 26.0% in the fourth quarter. Stolper Co now owns 28,856 shares of the oil and gas company’s stock valued at $1,766,000 after buying an additional 5,946 shares during the period. HBW Advisory Services LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $223,000. Lynch & Associates IN raised its stake in Exxon Mobil by 3.8% in the fourth quarter. Lynch & Associates IN now owns 133,095 shares of the oil and gas company’s stock valued at $8,144,000 after buying an additional 4,922 shares during the period. Finally, Roberts Wealth Advisors LLC raised its stake in Exxon Mobil by 9.1% in the fourth quarter. Roberts Wealth Advisors LLC now owns 13,965 shares of the oil and gas company’s stock valued at $887,000 after buying an additional 1,162 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.
A number of brokerages have recently weighed in on XOM. Wells Fargo & Company increased their target price on Exxon Mobil from $93.00 to 107.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. MKM Partners increased their target price on Exxon Mobil from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, March 7th. BMO Capital Markets increased their target price on Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a research note on Thursday, March 3rd. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $100.00 in a research note on Thursday, April 21st. Finally, Cowen increased their target price on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.24.
Shares of XOM stock opened at $85.64 on Friday. The stock’s fifty day moving average price is $91.52 and its two-hundred day moving average price is $81.70. The company has a market cap of $360.76 billion, a PE ratio of 14.20, a P/E/G ratio of 0.35 and a beta of 1.05. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 10.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were paid a $0.88 dividend. This represents a $3.52 dividend on an annual basis and a dividend yield of 4.11%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.
In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.
Exxon Mobil Company Profile (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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