Balboa Wealth Partners Has $1.19 Million Stake in Exxon Mobil Corporation (NYSE:XOM)

Balboa Wealth Partners increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,980 shares of the oil and gas company’s stock after acquiring an additional 584 shares during the quarter. Balboa Wealth Partners’ holdings in Exxon Mobil were worth $1,187,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XOM. Retirement Guys Formula LLC grew its holdings in Exxon Mobil by 25.8% in the first quarter. Retirement Guys Formula LLC now owns 10,105 shares of the oil and gas company’s stock worth $1,202,000 after purchasing an additional 2,074 shares during the period. Helen Stephens Group LLC raised its holdings in shares of Exxon Mobil by 0.3% during the first quarter. Helen Stephens Group LLC now owns 41,752 shares of the oil and gas company’s stock valued at $4,966,000 after purchasing an additional 115 shares during the period. Kirr Marbach & Co. LLC IN boosted its position in shares of Exxon Mobil by 1.8% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 69,159 shares of the oil and gas company’s stock worth $8,225,000 after purchasing an additional 1,250 shares in the last quarter. Sava Infond d.o.o. grew its stake in shares of Exxon Mobil by 16.0% in the 1st quarter. Sava Infond d.o.o. now owns 33,980 shares of the oil and gas company’s stock valued at $4,041,000 after buying an additional 4,680 shares during the period. Finally, LaFleur & Godfrey LLC increased its position in Exxon Mobil by 6.4% in the 1st quarter. LaFleur & Godfrey LLC now owns 99,411 shares of the oil and gas company’s stock valued at $11,823,000 after buying an additional 5,953 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on XOM shares. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada reissued 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 report on Wednesday, May 28th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. 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 given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.41 on Thursday. The company has a market capitalization of $467.21 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.17 and a beta of 0.49. The company’s 50-day moving average is $106.92 and its 200 day moving average is $108.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

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, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil’s payout ratio is 52.52%.

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.