Exxon Mobil Co. (NYSE:XOM) Stake Increased by apricus wealth LLC

apricus wealth LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,524 shares of the oil and gas company’s stock after buying an additional 242 shares during the period. apricus wealth LLC’s holdings in Exxon Mobil were worth $1,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Greenwood Capital Associates LLC increased its stake in Exxon Mobil by 14.0% during the first quarter. Greenwood Capital Associates LLC now owns 75,697 shares of the oil and gas company’s stock valued at $9,003,000 after purchasing an additional 9,305 shares during the last quarter. Braun Bostich & Associates Inc. increased its stake in Exxon Mobil by 1.7% during the first quarter. Braun Bostich & Associates Inc. now owns 8,413 shares of the oil and gas company’s stock valued at $1,001,000 after purchasing an additional 141 shares during the last quarter. Sagace Wealth Management LLC increased its stake in Exxon Mobil by 4.9% during the first quarter. Sagace Wealth Management LLC now owns 3,117 shares of the oil and gas company’s stock valued at $371,000 after purchasing an additional 145 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in Exxon Mobil by 63.9% during the first quarter. GPS Wealth Strategies Group LLC now owns 14,976 shares of the oil and gas company’s stock valued at $1,781,000 after purchasing an additional 5,838 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in shares of Exxon Mobil by 37.8% during the first quarter. Simon Quick Advisors LLC now owns 30,846 shares of the oil and gas company’s stock valued at $3,668,000 after acquiring an additional 8,456 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $109.31 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market capitalization of $471.08 billion, a PE ratio of 13.94, a P/E/G ratio of 3.02 and a beta of 0.49. The firm has a 50-day moving average of $105.14 and a two-hundred day moving average of $108.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company 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 firm earned $2.06 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average 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.