2,798 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Panoramic Capital Partners LLC

Panoramic Capital Partners LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,798 shares of the oil and gas company’s stock, valued at approximately $333,000.

Several other large investors also recently modified their holdings of the business. Octavia Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 20.0% in the first quarter. Octavia Wealth Advisors LLC now owns 6,077 shares of the oil and gas company’s stock worth $723,000 after purchasing an additional 1,013 shares during the last quarter. Investment Advisory Group LLC boosted its position in Exxon Mobil by 1.0% during the 1st quarter. Investment Advisory Group LLC now owns 12,467 shares of the oil and gas company’s stock valued at $1,483,000 after acquiring an additional 124 shares in the last quarter. Everest Management Corp. bought a new stake in Exxon Mobil during the 1st quarter valued at approximately $271,000. Tounjian Advisory Partners LLC bought a new stake in Exxon Mobil during the 1st quarter valued at approximately $6,699,000. Finally, Pallas Capital Advisors LLC boosted its position in Exxon Mobil by 2.6% during the 1st quarter. Pallas Capital Advisors LLC now owns 177,396 shares of the oil and gas company’s stock valued at $21,098,000 after acquiring an additional 4,509 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of XOM opened at $104.97 on Tuesday. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a fifty day simple moving average of $105.14 and a two-hundred day simple moving average of $108.90. 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 firm has a market cap of $452.36 billion, a PE ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.