Trinity Legacy Partners LLC Purchases 30,442 Shares of Exxon Mobil Corporation $XOM

Trinity Legacy Partners LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 185.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,847 shares of the oil and gas company’s stock after buying an additional 30,442 shares during the period. Exxon Mobil makes up 1.3% of Trinity Legacy Partners LLC’s portfolio, making the stock its 28th largest position. Trinity Legacy Partners LLC’s holdings in Exxon Mobil were worth $5,128,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Douglass Winthrop Advisors LLC lifted its holdings in Exxon Mobil by 0.5% during the first quarter. Douglass Winthrop Advisors LLC now owns 88,240 shares of the oil and gas company’s stock worth $10,494,000 after acquiring an additional 399 shares in the last quarter. Ariston Services Group raised its position in shares of Exxon Mobil by 45.1% during the first quarter. Ariston Services Group now owns 5,150 shares of the oil and gas company’s stock worth $612,000 after purchasing an additional 1,600 shares during the period. Sax Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 17.1% during the 1st quarter. Sax Wealth Advisors LLC now owns 24,682 shares of the oil and gas company’s stock valued at $2,935,000 after purchasing an additional 3,610 shares in the last quarter. Cutler Capital Management LLC grew its position in shares of Exxon Mobil by 20.0% in the 1st quarter. Cutler Capital Management LLC now owns 1,225 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 204 shares during the period. Finally, Leslie Global Wealth LLC grew its position in shares of Exxon Mobil by 10.8% in the 1st quarter. Leslie Global Wealth LLC now owns 2,889 shares of the oil and gas company’s stock valued at $344,000 after purchasing an additional 281 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.7%

Shares of XOM stock opened at $111.1220 on Friday. The firm’s fifty day moving average price is $110.24 and its two-hundred day moving average price is $108.89. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market capitalization of $473.74 billion, a P/E ratio of 15.78, a PEG ratio of 2.05 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter last year, the company earned $2.14 EPS. Exxon Mobil’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is 56.25%.

Analyst Upgrades and Downgrades

Several analysts have commented on XOM shares. Wall Street Zen downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. UBS Group increased their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho reduced 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. Finally, Melius assumed coverage on Exxon Mobil in a research note on Wednesday. They issued a “hold” rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $125.00.

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.