Ritholtz Wealth Management Acquires 12,488 Shares of Exxon Mobil Co. (NYSE:XOM)

Ritholtz Wealth Management increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 82,351 shares of the oil and gas company’s stock after purchasing an additional 12,488 shares during the quarter. Ritholtz Wealth Management’s holdings in Exxon Mobil were worth $9,794,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $32,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. increased its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $112.06 on Friday. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $482.95 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The firm’s fifty day moving average is $105.51 and its two-hundred day moving average is $108.72.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating 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 company earned $2.06 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Company Profile

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.