Clarion Wealth Managment Partners LLC Makes New $1.18 Million Investment in Exxon Mobil Corporation $XOM

Clarion Wealth Managment Partners LLC acquired a new stake in Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,963 shares of the oil and gas company’s stock, valued at approximately $1,182,000. Exxon Mobil makes up 1.3% of Clarion Wealth Managment Partners LLC’s portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. acquired a new stake in shares of Exxon Mobil in the second quarter worth $774,000. Monarch Capital Management Inc. grew its stake in Exxon Mobil by 1.8% in the 2nd quarter. Monarch Capital Management Inc. now owns 51,436 shares of the oil and gas company’s stock valued at $5,545,000 after buying an additional 912 shares during the last quarter. North Dallas Bank & Trust Co. bought a new position in Exxon Mobil in the 2nd quarter worth $513,000. Coppell Advisory Solutions LLC lifted its position in Exxon Mobil by 3.7% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 12,747 shares of the oil and gas company’s stock worth $1,394,000 after acquiring an additional 457 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Exxon Mobil during the 2nd quarter worth $6,658,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.6%

Shares of Exxon Mobil stock opened at $118.77 on Monday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The firm has a market capitalization of $500.88 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 7.48 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The company’s fifty day moving average price is $115.60 and its two-hundred day moving average price is $112.29.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research note on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Exxon Mobil in a report on Monday, December 8th. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Piper Sandler raised their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Mizuho boosted their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.24.

Exxon Mobil Company 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.