Westside Investment Management Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating ) by 7.9% during the first quarter, HoldingsChannel reports. The fund owned 4,107 shares of the oil and gas company’s stock after acquiring an additional 300 shares during the period. The holdings of Westside Investment Management Inc. in Exxon Mobil were worth $16,946,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Guardian Wealth Management Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $30,000. Horan Securities Inc. bought a new stake in Exxon Mobil in the 4th quarter valued at about $31,000. West Bancorporation Inc. bought a new stake in Exxon Mobil in the 4th quarter valued at about $32,000. Nvwm LLC increased its stake in Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its stake in Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. 54.07% of the shares are owned by institutional investors.
Shares of XOM stock opened at $86.08 on Friday. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The firm has a 50-day SMA of $91.69 and a 200-day SMA of $82.90. The company has a debt-to-equity ratio of 0.24, a quick earnings ratio of 0.76 and a current ratio of 1.07. The firm has a market cap of $362.62 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.31 and a beta of 1.07.
Exxon Mobil (NYSE:XOM – Get Rating ) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period in the previous year, the business reported $0.65 earnings per share. As a group, equity analysts predict that Exxon Mobil Co. will report 11.2 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a dividend of $0.88 per share. This represents a $3.52 annual dividend and a yield of 4.09%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.
A number of analysts have weighed in on the stock. Truist Financial boosted their price objective on shares of Exxon Mobil from $75.00 to $84.00 in a research note on Thursday, April 21st. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $125.00 in a research note on Tuesday, June 21st. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Cowen raised their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $90.48.
In other news, VP Darin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. Disclosure of this sale can be found here. 0.04% of shares are owned by insiders.
About Exxon Mobil (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream and Chemical segments. The Company is also involved in the production, trading, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics and various other petrochemicals; and captures and stores carbon, hydrogen and biofuels.
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