Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 19.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,592 shares of the oil and gas company’s stock after acquiring an additional 2,495 shares during the period. Annex Advisory Services LLC’s holdings in Exxon Mobil were worth $1,812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Austin Private Wealth LLC increased its position in Exxon Mobil by 0.9% during the first quarter. Austin Private Wealth LLC now owns 40,064 shares of the oil and gas company’s stock worth $4,780,000 after buying an additional 375 shares during the period. Strategic Planning Group LLC increased its position in Exxon Mobil by 23.1% during the first quarter. Strategic Planning Group LLC now owns 12,844 shares of the oil and gas company’s stock worth $1,493,000 after buying an additional 2,412 shares during the period. Beacon Wealthcare LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $226,000. Worth Asset Management LLC grew its stake in shares of Exxon Mobil by 15.6% in the 1st quarter. Worth Asset Management LLC now owns 6,407 shares of the oil and gas company’s stock valued at $745,000 after purchasing an additional 867 shares during the last quarter. Finally, Kaydan Wealth Management Inc. grew its stake in shares of Exxon Mobil by 18.8% in the 1st quarter. Kaydan Wealth Management Inc. now owns 4,457 shares of the oil and gas company’s stock valued at $518,000 after purchasing an additional 705 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. UBS Group lifted their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM traded down $0.10 during trading on Tuesday, reaching $113.95. 4,417,901 shares of the stock were exchanged, compared to its average volume of 18,251,752. The business’s 50 day moving average price is $115.59 and its two-hundred day moving average price is $109.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of $449.31 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 3.95 and a beta of 0.92. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm earned $2.83 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.