Legacy Capital Wealth Partners LLC Acquires 2,712 Shares of Exxon Mobil Corporation (NYSE:XOM)

Legacy Capital Wealth Partners LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 207,671 shares of the oil and gas company’s stock after purchasing an additional 2,712 shares during the quarter. Exxon Mobil accounts for approximately 5.4% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Legacy Capital Wealth Partners LLC’s holdings in Exxon Mobil were worth $24,698,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Axis Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after acquiring an additional 93 shares during the period. Harvest Fund Management Co. Ltd grew its stake in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after buying an additional 94 shares in the last quarter. WPWealth LLP raised its holdings in Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock worth $990,000 after purchasing an additional 96 shares during the last quarter. Ascent Capital Management LLC grew its position in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after purchasing an additional 96 shares during the period. Finally, DDD Partners LLC boosted its holdings in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock worth $810,000 after buying an additional 96 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XOM shares. UBS Group decreased 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. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Exxon Mobil in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.42.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $111.73 on Friday. The stock has a market cap of $481.51 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.09 and a beta of 0.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $108.65 and its 200 day moving average price is $108.96.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is presently 52.52%.

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.