Investment Advisory Group LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Investment Advisory Group LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,467 shares of the oil and gas company’s stock after buying an additional 124 shares during the period. Investment Advisory Group LLC’s holdings in Exxon Mobil were worth $1,483,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new stake in Exxon Mobil during the fourth quarter worth approximately $789,000. Union Bancaire Privee UBP SA bought a new stake in Exxon Mobil during the fourth quarter worth approximately $48,348,000. Benchmark Financial Wealth Advisors LLC increased its stake in 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 acquiring an additional 266 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its stake in Exxon Mobil by 0.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 32,131 shares of the oil and gas company’s stock worth $3,456,000 after acquiring an additional 266 shares during the last quarter. Finally, Trilogy Capital Inc. increased its stake in Exxon Mobil by 3.0% during the fourth quarter. Trilogy Capital Inc. now owns 31,185 shares of the oil and gas company’s stock worth $3,355,000 after acquiring an additional 907 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.7%

Exxon Mobil stock opened at $104.97 on Tuesday. The business has a fifty day moving average of $105.14 and a two-hundred day moving average of $108.90. 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 cap of $452.36 billion, a P/E ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil 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.