Park Edge Advisors LLC Has $3.80 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Park Edge Advisors LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,940 shares of the oil and gas company’s stock after buying an additional 1,070 shares during the period. Exxon Mobil makes up about 1.1% of Park Edge Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Park Edge Advisors LLC’s holdings in Exxon Mobil were worth $3,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC lifted its stake in Exxon Mobil by 3.0% in the first quarter. Key Client Fiduciary Advisors LLC now owns 13,126 shares of the oil and gas company’s stock valued at $1,561,000 after buying an additional 380 shares during the period. Long Run Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 310.6% in the 1st quarter. Long Run Wealth Advisors LLC now owns 13,421 shares of the oil and gas company’s stock valued at $1,596,000 after acquiring an additional 10,152 shares during the last quarter. Firethorn Wealth Partners LLC raised its position in shares of Exxon Mobil by 2.0% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,384 shares of the oil and gas company’s stock valued at $1,235,000 after acquiring an additional 208 shares during the period. Sendero Wealth Management LLC boosted its stake in Exxon Mobil by 22.9% during the 1st quarter. Sendero Wealth Management LLC now owns 78,189 shares of the oil and gas company’s stock worth $9,299,000 after acquiring an additional 14,572 shares during the last quarter. Finally, Financial Advisory Partners LLC grew its holdings in Exxon Mobil by 11.5% during the first quarter. Financial Advisory Partners LLC now owns 21,714 shares of the oil and gas company’s stock valued at $2,582,000 after purchasing an additional 2,236 shares during the period. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Trading Up 0.8%

Shares of Exxon Mobil stock opened at $103.85 on Wednesday. The stock has a market cap of $447.56 billion, a P/E ratio of 13.25, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The business’s 50 day moving average is $106.37 and its 200-day moving average is $109.47.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) 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 firm 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 firm posted $2.06 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities 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. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is currently 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.