Campbell Deegan Wealth Management LLC Purchases New Position in Exxon Mobil Co. (NYSE:XOM)

Campbell Deegan Wealth Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,812 shares of the oil and gas company’s stock, valued at approximately $625,000. Exxon Mobil comprises approximately 0.8% of Campbell Deegan Wealth Management LLC’s portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Beacon Capital Management LLC increased its stake in Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock valued at $923,000 after purchasing an additional 93 shares during the period. Altus Wealth Group LLC increased its stake in Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after purchasing an additional 94 shares during the period. Harvest Fund Management Co. Ltd increased its stake in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 94 shares during the period. Field & Main Bank increased its stake in Exxon Mobil by 0.4% in the fourth quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company’s stock valued at $2,527,000 after purchasing an additional 95 shares during the period. Finally, WPWealth LLP increased its stake 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. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler dropped their price target on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. Finally, BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Trading Up 0.4%

Shares of XOM opened at $103.48 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $107.77 and its two-hundred day moving average is $110.08. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $445.96 billion, a P/E ratio of 13.20, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the business posted $2.06 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.83%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

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.