Exxon Mobil Corporation (NYSE:XOM) Position Boosted by Riverbend Wealth Management LLC

by · The Cerbat Gem

Riverbend Wealth Management LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,973 shares of the oil and gas company’s stock after purchasing an additional 158 shares during the period. Riverbend Wealth Management LLC’s holdings in Exxon Mobil were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. lifted its position 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 acquiring an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.6%

Exxon Mobil stock opened at $110.15 on Friday. The company has a market capitalization of $474.71 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.10 and a beta of 0.49. The firm’s fifty day simple moving average is $106.98 and its 200-day simple moving average is $108.52. 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 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the business posted $2.06 EPS. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. Exxon Mobil’s payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on XOM shares. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.10.

Get Our Latest Research Report on XOM

Exxon Mobil Company Profile

(Free Report)

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.

See Also

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