Exxon Mobil Co. (NYSE:XOM) Position Boosted by Accurate Wealth Management LLC

Accurate Wealth Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% in the first quarter, Holdings Channel reports. The firm owned 67,023 shares of the oil and gas company’s stock after purchasing an additional 1,411 shares during the period. Exxon Mobil makes up about 1.5% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Accurate Wealth Management LLC’s holdings in Exxon Mobil were worth $7,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Tallon Kerry Patrick purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $789,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $48,348,000. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 14.0% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,163 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 266 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in shares of Exxon Mobil by 0.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 32,131 shares of the oil and gas company’s stock valued at $3,456,000 after purchasing an additional 266 shares during the period. Finally, Trilogy Capital Inc. grew its holdings in Exxon Mobil by 3.0% during the 4th quarter. Trilogy Capital Inc. now owns 31,185 shares of the oil and gas company’s stock valued at $3,355,000 after purchasing an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Trading Up 0.7%

Exxon Mobil stock opened at $104.97 on Tuesday. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $452.36 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.49. The firm has a 50-day moving average price of $105.14 and a two-hundred day moving average price of $108.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the company posted $2.06 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.