Roberts Wealth Advisors LLC Acquires 875 Shares of Exxon Mobil Co. (NYSE:XOM)

Roberts Wealth Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,412 shares of the oil and gas company’s stock after acquiring an additional 875 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,964,000 at the end of the most recent reporting period.

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

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Mizuho upped their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Trading Down 0.1 %

Shares of Exxon Mobil stock opened at $114.96 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The business 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 company has a market capitalization 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 announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 EPS. Research analysts forecast that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

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

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.