Exxon Mobil Co. (NYSE:XOM) Stock Holdings Increased by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 110.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,314 shares of the oil and gas company’s stock after buying an additional 5,933 shares during the quarter. Exxon Mobil accounts for about 0.5% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position. Strata Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,315,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Vima LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $50,000. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the third quarter worth about $91,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $80,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $80,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $114.96 on Tuesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The business’s 50-day simple moving average is $115.25 and its 200-day simple moving average is $109.72. 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 market cap of $453.29 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 4.14 and a beta of 0.91.

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 (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 the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.83 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Morgan Stanley restated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Scotiabank raised their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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 firm’s stock in a transaction 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 sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.