Stone Point Wealth LLC Has $821,000 Position in Exxon Mobil Co. (NYSE:XOM)

Stone Point Wealth LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,064 shares of the oil and gas company’s stock after buying an additional 274 shares during the period. Stone Point Wealth LLC’s holdings in Exxon Mobil were worth $821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Carmel Capital Partners LLC raised its position in shares of Exxon Mobil by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after buying an additional 86 shares during the last quarter. PFS Partners LLC lifted its stake in shares of Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after buying an additional 89 shares during the period. Bay Rivers Group lifted its stake in shares of Exxon Mobil by 2.5% during the first quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after buying an additional 90 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Exxon Mobil by 0.8% during the first quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock valued at $1,302,000 after buying an additional 93 shares during the period. Finally, Auxier Asset Management lifted its stake in shares of Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XOM shares. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. UBS Group raised their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Truist Financial reissued a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Get Our Latest Stock Analysis on Exxon Mobil

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $113.37 on Monday. The firm has a market cap of $447.02 billion, a P/E ratio of 13.89, a P/E/G ratio of 4.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a fifty day moving average of $114.65 and a two-hundred day moving average of $110.17.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.83 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.18 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Exxon Mobil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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