Acumen Wealth Advisors LLC Has $976,000 Stake in ExxonMobil Corporation $XOM

Acumen Wealth Advisors LLC grew its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 642.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,750 shares of the oil and gas company’s stock after buying an additional 4,976 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in ExxonMobil were worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in XOM. Saturna Capital Corp bought a new stake in shares of ExxonMobil during the first quarter valued at approximately $269,000. Chase Investment Counsel Corp bought a new stake in ExxonMobil during the 1st quarter worth about $509,000. CacheTech Inc. lifted its position in ExxonMobil by 126.3% during the 1st quarter. CacheTech Inc. now owns 5,005 shares of the oil and gas company’s stock valued at $849,000 after purchasing an additional 2,793 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of ExxonMobil by 53.1% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 113 shares during the last quarter. Finally, Himension Capital Singapore PTE. LTD. bought a new position in shares of ExxonMobil in the 1st quarter valued at about $121,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of XOM stock opened at $156.88 on Friday. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The stock has a market cap of $650.28 billion, a P/E ratio of 26.46, a P/E/G ratio of 0.65 and a beta of 0.17. The company has a fifty day moving average price of $145.91 and a two-hundred day moving average price of $147.45.

ExxonMobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share. As a group, equities analysts predict that ExxonMobil Corporation will post 11.28 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is presently 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Morgan Stanley reduced their target price on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Scotiabank lifted their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, Mizuho lowered their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.25.

Read Our Latest Analysis on ExxonMobil

About ExxonMobil

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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