Retirement Guys Formula LLC Buys 2,074 Shares of Exxon Mobil Corporation (NYSE:XOM)

Retirement Guys Formula LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 25.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,105 shares of the oil and gas company’s stock after buying an additional 2,074 shares during the period. Retirement Guys Formula LLC’s holdings in Exxon Mobil were worth $1,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $32,000. Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. boosted its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. UBS Group decreased their target price 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. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Stock Up 0.1%

Shares of Exxon Mobil stock opened at $108.41 on Thursday. 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 Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market cap of $467.21 billion, a P/E ratio of 14.38, a PEG ratio of 2.17 and a beta of 0.49. The company’s fifty day simple moving average is $106.92 and its two-hundred day simple moving average is $108.54.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) 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.