Defined Wealth Management LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Defined Wealth Management LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,252 shares of the oil and gas company’s stock after buying an additional 153 shares during the period. Defined Wealth Management LLC’s holdings in Exxon Mobil were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Quantinno Capital Management LP lifted its holdings in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $55,000. Legacy Trust lifted its holdings in shares of Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after purchasing an additional 997 shares in the last quarter. Renasant Bank lifted its holdings in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV lifted its holdings in shares of Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $112.06 on Friday. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a fifty day moving average of $105.51 and a 200-day moving average of $108.78. The firm has a market capitalization of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $2.06 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. 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.