Legacy Financial Advisors Inc. Purchases 1,419 Shares of Exxon Mobil Corporation $XOM

Legacy Financial Advisors Inc. raised its position in Exxon Mobil Corporation (NYSE:XOM) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,113 shares of the oil and gas company’s stock after buying an additional 1,419 shares during the quarter. Exxon Mobil comprises about 0.6% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 27th largest position. Legacy Financial Advisors Inc.’s holdings in Exxon Mobil were worth $3,462,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Axis Wealth Partners LLC lifted its position in Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock worth $591,000 after buying an additional 93 shares in the last quarter. Gagnon Securities LLC raised its position in Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after purchasing an additional 95 shares during the period. WPWealth LLP raised its position in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after purchasing an additional 96 shares during the period. Ascent Capital Management LLC raised its position in Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after purchasing an additional 96 shares during the period. Finally, DDD Partners LLC raised its position in Exxon Mobil by 1.4% in the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 96 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on XOM. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Wall Street Zen downgraded Exxon Mobil from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $125.84.

Exxon Mobil Trading Up 0.2%

NYSE:XOM opened at $106.70 on Tuesday. The stock has a 50-day simple moving average of $110.29 and a 200-day simple moving average of $108.88. The stock has a market cap of $454.89 billion, a P/E ratio of 15.16, a P/E/G ratio of 2.00 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 EPS. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

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.