Sivia Capital Partners LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Sivia Capital Partners LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,030 shares of the oil and gas company’s stock after buying an additional 987 shares during the period. Exxon Mobil comprises approximately 0.6% of Sivia Capital Partners LLC’s portfolio, making the stock its 25th largest position. Sivia Capital Partners LLC’s holdings in Exxon Mobil were worth $1,312,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XOM shares. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

XOM stock opened at $104.29 on Friday. The firm has a 50 day moving average price of $105.42 and a 200-day moving average price of $109.11. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a market capitalization of $449.45 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil’s payout ratio is currently 52.52%.

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.