Graybill Wealth Management LTD. Makes New $29,000 Investment in Exxon Mobil Corporation (NYSE:XOM)

Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil Corporation (NYSE:XOM) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 247 shares of the oil and gas company’s stock, valued at approximately $29,000.

A number of other large investors have also made changes to their positions in XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC purchased a new position in Exxon Mobil in the first quarter worth approximately $45,000. Clarity Asset Management Inc. grew its position in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares during the period. Finally, ZynergyRetirementPlanningLLC increased its stake in Exxon Mobil by 29.2% during the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company’s stock worth $53,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.90 on Wednesday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a fifty day simple moving average of $108.39 and a two-hundred day simple moving average of $108.89. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a market cap of $486.56 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the business posted $2.06 earnings per share. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday. Finally, Morgan Stanley restated an “overweight” rating on shares of Exxon Mobil in a report on Tuesday. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.