Exxon Mobil Co. (NYSE:XOM) is San Luis Wealth Advisors LLC’s 10th Largest Position

San Luis Wealth Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 37,945 shares of the oil and gas company’s stock after selling 303 shares during the period. Exxon Mobil comprises approximately 2.3% of San Luis Wealth Advisors LLC’s holdings, making the stock its 10th largest position. San Luis Wealth Advisors LLC’s holdings in Exxon Mobil were worth $4,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Compton Wealth Advisory Group LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $226,000. RDA Financial Network lifted its holdings in shares of Exxon Mobil by 5.9% in the 1st quarter. RDA Financial Network now owns 6,480 shares of the oil and gas company’s stock worth $753,000 after acquiring an additional 362 shares during the last quarter. Opal Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 3.4% during the 1st quarter. Opal Wealth Advisors LLC now owns 8,917 shares of the oil and gas company’s stock worth $1,037,000 after purchasing an additional 291 shares during the period. GenWealth Group Inc. grew its holdings in Exxon Mobil by 7.3% during the 1st quarter. GenWealth Group Inc. now owns 2,180 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 148 shares during the last quarter. Finally, Bridge Creek Capital Management LLC raised its position in Exxon Mobil by 0.8% in the 1st quarter. Bridge Creek Capital Management LLC now owns 35,326 shares of the oil and gas company’s stock worth $4,106,000 after purchasing an additional 285 shares during the period. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. UBS Group upped their price objective on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Piper Sandler lifted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Exxon Mobil Stock Performance

XOM stock opened at $112.16 on Monday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a market cap of $442.25 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a 50-day simple moving average of $115.70 and a two-hundred day simple moving average of $109.17.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 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 net margin of 9.62% and a return on equity of 16.75%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.83 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.39%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were 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 approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

About Exxon Mobil

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.