Valeo Financial Advisors LLC Has $13.52 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Valeo Financial Advisors LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 0.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 113,672 shares of the oil and gas company’s stock after purchasing an additional 862 shares during the period. Valeo Financial Advisors LLC’s holdings in Exxon Mobil were worth $13,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC raised its stake in shares of Exxon Mobil by 35.3% in the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company’s stock valued at $1,963,000 after purchasing an additional 4,760 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $863,000. GC Wealth Management RIA LLC increased its position in shares of Exxon Mobil by 63.7% in the fourth quarter. GC Wealth Management RIA LLC now owns 6,014 shares of the oil and gas company’s stock valued at $647,000 after acquiring an additional 2,341 shares during the last quarter. AGF Management Ltd. grew its holdings in Exxon Mobil by 9.3% during the fourth quarter. AGF Management Ltd. now owns 329,882 shares of the oil and gas company’s stock worth $35,485,000 after purchasing an additional 27,944 shares during the period. Finally, Cascade Financial Partners LLC bought a new position in Exxon Mobil during the fourth quarter worth about $268,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on XOM shares. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.55.

Exxon Mobil Stock Down 0.3%

NYSE XOM opened at $113.80 on Thursday. The business has a fifty day moving average price of $107.65 and a two-hundred day moving average price of $108.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market capitalization of $490.44 billion, a PE ratio of 15.09, a PEG ratio of 2.19 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last announced 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. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company’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 earned $2.06 earnings per share. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.48%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil 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.