Exxon Mobil Corporation (NYSE:XOM) Stock Position Cut by Enzi Wealth

by · The Cerbat Gem

Enzi Wealth decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,827 shares of the oil and gas company’s stock after selling 198 shares during the period. Exxon Mobil comprises about 6.1% of Enzi Wealth’s investment portfolio, making the stock its 5th biggest holding. Enzi Wealth’s holdings in Exxon Mobil were worth $14,972,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Altus Wealth Group LLC boosted its position in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 94 shares during the period. Harvest Fund Management Co. Ltd raised its position in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 94 shares during the period. WPWealth LLP lifted its stake in Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock worth $990,000 after purchasing an additional 96 shares in the last quarter. Centurion Wealth Management LLC boosted its position in shares of Exxon Mobil by 1.1% during the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company’s stock worth $944,000 after buying an additional 97 shares during the period. Finally, Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on XOM. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank decreased 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. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $125.10.

View Our Latest Stock Analysis on XOM

Exxon Mobil Price Performance

XOM stock opened at $109.20 on Wednesday. The stock has a market capitalization of $470.61 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock’s fifty day simple moving average is $107.10 and its 200-day simple moving average is $108.44.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. Exxon Mobil’s payout ratio is currently 52.52%.

Exxon Mobil 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.

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