Exxon Mobil Co. (NYSE:XOM) Stake Raised by Naviter Wealth LLC

Naviter Wealth LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,781 shares of the oil and gas company’s stock after purchasing an additional 3,647 shares during the quarter. Exxon Mobil accounts for 2.7% of Naviter Wealth LLC’s holdings, making the stock its 5th largest holding. Naviter Wealth LLC’s holdings in Exxon Mobil were worth $16,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. Neo Ivy Capital Management purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Piper Sandler upped their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. TD Cowen upped their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Buying and Selling

In related 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 transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale 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 Up 0.6 %

XOM opened at $114.81 on Thursday. 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 50 day simple moving average of $115.00 and a 200-day simple moving average of $109.91. The stock has a market capitalization of $452.70 billion, a P/E ratio of 14.07, a P/E/G ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.83 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company 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. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.31%. Exxon Mobil’s dividend payout ratio is presently 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.