Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by Financial Synergies Wealth Advisors Inc.

Financial Synergies Wealth Advisors Inc. raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.4% in the first quarter, HoldingsChannel.com reports. The fund owned 47,826 shares of the oil and gas company’s stock after purchasing an additional 1,554 shares during the quarter. Exxon Mobil comprises approximately 0.7% of Financial Synergies Wealth Advisors Inc.’s portfolio, making the stock its 21st biggest position. Financial Synergies Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $5,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. 10Elms LLP acquired a new position in Exxon Mobil in the 4th quarter valued at $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil in the first quarter valued at $45,000. Clarity Asset Management Inc. lifted its position in 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 buying an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new stake in Exxon Mobil in the 4th quarter worth about $51,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $115.40 on Friday. The firm has a market cap of $497.33 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. 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 1 year low of $97.80 and a 1 year high of $126.34. The stock has a 50-day simple moving average of $108.01 and a 200-day simple moving average of $108.78.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating 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%. Exxon Mobil’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. Scotiabank upped their price objective on shares of Exxon Mobil from $115.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Friday. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler boosted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.05.

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.