Shariaportfolio Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,624 shares of the oil and gas company’s stock after purchasing an additional 844 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Shariaportfolio Inc.’s investment portfolio, making the stock its 19th biggest position. Shariaportfolio Inc.’s holdings in Exxon Mobil were worth $1,816,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Advisors Capital Management LLC lifted its stake in Exxon Mobil by 24.7% during the third quarter. Advisors Capital Management LLC now owns 31,396 shares of the oil and gas company’s stock worth $3,692,000 after purchasing an additional 6,209 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at $91,000. Financial Gravity Asset Management Inc. lifted its stake in Exxon Mobil by 1,520.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 9,269 shares of the oil and gas company’s stock worth $1,090,000 after acquiring an additional 8,697 shares in the last quarter. Revisor Wealth Management LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at about $736,000. Finally, Creative Planning grew its position in Exxon Mobil by 11.4% in the 3rd quarter. Creative Planning now owns 1,720,354 shares of the oil and gas company’s stock valued at $202,279,000 after acquiring an additional 175,856 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently commented on XOM. TD Cowen raised their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Piper Sandler raised their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Mizuho lifted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and ten have given a 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 price target of $133.82.Check Out Our Latest Analysis on Exxon Mobil
Exxon Mobil Stock Performance
NYSE XOM opened at $113.37 on Friday. The company has a fifty day moving average of $114.65 and a two-hundred day moving average of $110.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a market capitalization of $447.02 billion, a PE ratio of 13.89, a P/E/G ratio of 4.10 and a beta of 0.91.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.83 EPS. As a group, analysts expect that Exxon Mobil Co. will post 9.18 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.35%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.
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.
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