Mission Wealth Management LP Has $11.27 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Mission Wealth Management LP increased its stake in Exxon Mobil Co. (NYSE:XOM) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,748 shares of the oil and gas company’s stock after acquiring an additional 8,470 shares during the quarter. Mission Wealth Management LP’s holdings in Exxon Mobil were worth $11,268,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XOM. Quantinno Capital Management LP grew its stake in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after buying an additional 110,772 shares during the period. Accredited Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $55,000. Legacy Trust increased its holdings in shares of Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after acquiring an additional 997 shares in the last quarter. Renasant Bank raised its position in shares of Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV lifted its holdings in shares of Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock worth $1,532,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.3%

NYSE:XOM opened at $112.48 on Tuesday. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $105.75 and its 200 day moving average is $108.62. The stock has a market capitalization of $484.73 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for 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%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed 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. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XOM shares. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.50.

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.