Elevated Capital Advisors LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)



Elevated Capital Advisors LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 1st quarter, HoldingsChannel reports. The firm bought 46,025 shares of the oil and gas company’s stock, valued at approximately $3,801,000. Exxon Mobil accounts for 1.3% of Elevated Capital Advisors LLC’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marcum Wealth LLC grew its position in shares of Exxon Mobil by 19.1% in the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after purchasing an additional 4,711 shares during the period. Minot Wealth Management LLC grew its position in shares of Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock valued at $3,378,000 after purchasing an additional 5,477 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Exxon Mobil by 13.3% in the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock valued at $467,000 after purchasing an additional 664 shares during the period. Home Federal Bank of Tennessee grew its position in shares of Exxon Mobil by 1.1% in the first quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock valued at $1,170,000 after purchasing an additional 150 shares during the period. Finally, Leonard Rickey Investment Advisors PLLC grew its position in shares of Exxon Mobil by 7.1% in the first quarter. Leonard Rickey Investment Advisors PLLC now owns 7,256 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the stock. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $115.00 to $125.00 in a research report on Tuesday, June 21st. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Cowen boosted their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price target on shares of Exxon Mobil from $103.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, June 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $90.48.

Shares of XOM stock opened at $87.55 on Monday. The firm’s 50-day moving average is $91.57 and its two-hundred day moving average is $82.17. The company has a market capitalization of $368.81 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.36 and a beta of 1.07. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The company had revenue of $90.50 billion during the quarter, compared to analysts’ expectations of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. Exxon Mobil’s revenue was up 53.0% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 10.26 EPS for the current year.

The business 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 annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is 58.37%.

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.

Recommended Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Get Rating).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



Receive News & Ratings for Exxon Mobil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Comment