Spirepoint Private Client LLC Acquires 4,060 Shares of Exxon Mobil Corporation (NYSE:XOM)

Spirepoint Private Client LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 5.0% in the first quarter, HoldingsChannel.com reports. The firm owned 85,064 shares of the oil and gas company’s stock after buying an additional 4,060 shares during the period. Exxon Mobil accounts for about 1.3% of Spirepoint Private Client LLC’s investment portfolio, making the stock its 19th largest holding. Spirepoint Private Client LLC’s holdings in Exxon Mobil were worth $10,117,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XOM. Altus Wealth Group LLC boosted its position in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Exxon Mobil by 11.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 94 shares during the period. WPWealth LLP boosted its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock worth $990,000 after buying an additional 96 shares during the last quarter. Centurion Wealth Management LLC grew its position in Exxon Mobil by 1.1% during the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company’s stock valued at $944,000 after buying an additional 97 shares during the period. Finally, Physicians Financial Services Inc. increased its holdings in Exxon Mobil by 5.5% during the fourth quarter. Physicians Financial Services Inc. now owns 1,922 shares of the oil and gas company’s stock worth $207,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley dropped 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. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Finally, Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Price Performance

XOM stock opened at $108.45 on Wednesday. The firm has a 50 day moving average of $106.83 and a 200-day moving average of $108.54. The firm has a market capitalization of $467.39 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm 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 9.49% and a return on equity of 12.06%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $2.06 EPS. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is 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.