Elevate Wealth Advisory Inc. Makes New Investment in Exxon Mobil Corporation $XOM

Elevate Wealth Advisory Inc. acquired a new stake in Exxon Mobil Corporation (NYSE:XOM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,847 shares of the oil and gas company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XOM shares. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday. They set a “hold” rating and a $111.00 price target on the stock. UBS Group lifted their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday. Melius Research assumed coverage on Exxon Mobil in a research note on Wednesday. They issued a “hold” rating and a $111.00 price target on the stock. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $125.00.

Exxon Mobil Price Performance

XOM opened at $108.5440 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $110.27 and its 200 day moving average price is $108.87. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market cap of $462.75 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

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.