Lpwm LLC Acquires New Shares in Exxon Mobil Co. (NYSE:XOM)

Lpwm LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,006 shares of the oil and gas company’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently made changes to their positions in XOM. Tallon Kerry Patrick purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil in the fourth quarter worth $48,348,000. Rockline Wealth Management LLC grew its position in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after acquiring an additional 1,498 shares in the last quarter. Verity Asset Management Inc. grew its position in Exxon Mobil by 4.7% in the fourth quarter. Verity Asset Management Inc. now owns 3,588 shares of the oil and gas company’s stock worth $386,000 after acquiring an additional 161 shares in the last quarter. Finally, Sloy Dahl & Holst LLC grew its position in Exxon Mobil by 78.1% in the fourth quarter. Sloy Dahl & Holst LLC now owns 7,906 shares of the oil and gas company’s stock worth $850,000 after acquiring an additional 3,468 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Mizuho cut 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 report on Tuesday, May 13th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Scotiabank lowered their price target on shares of 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $104.29 on Friday. 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 has a 50-day moving average of $105.42 and a 200-day moving average of $109.11. The firm has a market cap of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. Exxon Mobil’s dividend 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.