Claro Advisors LLC Buys 2,738 Shares of Exxon Mobil Co. (NYSE:XOM)

Claro Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 7.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,034 shares of the oil and gas company’s stock after buying an additional 2,738 shares during the quarter. Exxon Mobil comprises 0.8% of Claro Advisors LLC’s portfolio, making the stock its 24th biggest holding. Claro Advisors LLC’s holdings in Exxon Mobil were worth $4,886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC raised its stake in Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 199 shares during the period. RNC Capital Management LLC raised its stake in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after purchasing an additional 4,585 shares during the period. Dupree Financial Group LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $378,000. Intact Investment Management Inc. raised its stake in Exxon Mobil by 225.7% during the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares during the period. Finally, AJOVista LLC bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $312,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $114.18 on Wednesday. The business has a fifty day moving average of $115.14 and a 200 day moving average of $109.82. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market cap of $450.21 billion, a P/E ratio of 13.99, a PEG ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the firm earned $2.83 EPS. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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. This represents a $3.80 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

Several equities analysts have weighed in on XOM shares. Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Truist Financial restated a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. UBS Group raised their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil 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 completion of the sale, 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 filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil 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.