LVW Advisors LLC Has $2.01 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

LVW Advisors LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,280 shares of the oil and gas company’s stock after selling 627 shares during the period. LVW Advisors LLC’s holdings in Exxon Mobil were worth $2,009,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Exxon Mobil in the fourth quarter worth $5,519,753,000. Global Assets Advisory LLC increased its position in Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after buying an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC raised its stake in Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after buying an additional 11,216,602 shares during the period. International Assets Investment Management LLC boosted its holdings in Exxon Mobil by 10,221.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after acquiring an additional 4,870,115 shares in the last quarter. Finally, Capital International Investors grew its stake in Exxon Mobil by 22.8% in the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after acquiring an additional 4,084,458 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. HSBC upped their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Mizuho increased their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $133.82.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was 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 owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.96 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $115.25 and a two-hundred day simple moving average of $109.72. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a market cap of $453.29 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $2.83 EPS. Analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Exxon Mobil Company Profile

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.