Accurate Wealth Management LLC Acquires 1,411 Shares of Exxon Mobil Co. (NYSE:XOM)

Accurate Wealth Management LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,023 shares of the oil and gas company’s stock after buying an additional 1,411 shares during the period. Exxon Mobil makes up approximately 1.5% of Accurate Wealth Management LLC’s holdings, making the stock its 10th largest position. Accurate Wealth Management LLC’s holdings in Exxon Mobil were worth $7,971,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.7%

Shares of Exxon Mobil stock opened at $104.97 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business’s fifty day moving average is $105.14 and its two-hundred day moving average is $108.90. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $452.36 billion, a PE ratio of 13.39, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last released 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. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.77%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

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.