Eagle Capital Management LLC Takes $273,000 Position in Exxon Mobil Co. (NYSE:XOM)

Eagle Capital Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,346 shares of the oil and gas company’s stock, valued at approximately $273,000.

A number of other hedge funds also recently made changes to their positions in the stock. AlphaMark Advisors LLC boosted its stake in shares of Exxon Mobil by 91.5% in the 1st quarter. AlphaMark Advisors LLC now owns 1,088 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 520 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Exxon Mobil by 17.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 10,396 shares of the oil and gas company’s stock valued at $1,208,000 after purchasing an additional 1,535 shares in the last quarter. Consilio Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 130.8% in the 1st quarter. Consilio Wealth Advisors LLC now owns 6,092 shares of the oil and gas company’s stock valued at $708,000 after purchasing an additional 3,453 shares in the last quarter. Park Place Capital Corp boosted its stake in shares of Exxon Mobil by 19.2% in the 1st quarter. Park Place Capital Corp now owns 11,755 shares of the oil and gas company’s stock valued at $1,366,000 after purchasing an additional 1,894 shares in the last quarter. Finally, Claro Advisors LLC boosted its stake in shares of Exxon Mobil by 7.0% in the 1st quarter. Claro Advisors LLC now owns 42,034 shares of the oil and gas company’s stock valued at $4,886,000 after purchasing an additional 2,738 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil 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 completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.18 on Wednesday. The company has a market cap of $450.21 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. 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 firm has a 50 day moving average of $115.14 and a 200-day moving average of $109.82.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $2.83 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend 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 Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Mizuho raised their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. TD Cowen raised their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Finally, Piper Sandler raised 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $133.82.

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.