1,800 Shares in Exxon Mobil Corporation (NYSE:XOM) Purchased by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, Holdings Channel reports. The firm purchased 1,800 shares of the oil and gas company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.3%

Shares of NYSE:XOM opened at $112.92 on Wednesday. The stock has a market cap of $486.64 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a fifty day moving average price of $109.01 and a 200 day moving average price of $109.11.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

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.