Allen Wealth Management LLC Has $6.52 Million Stock Holdings in Exxon Mobil Corporation $XOM

Allen Wealth Management LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 54,854 shares of the oil and gas company’s stock after selling 532 shares during the period. Exxon Mobil comprises 4.5% of Allen Wealth Management LLC’s holdings, making the stock its 5th largest position. Allen Wealth Management LLC’s holdings in Exxon Mobil were worth $6,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the fourth quarter worth $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil in the first quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.8%

NYSE XOM opened at $106.54 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The stock’s 50-day moving average price is $110.25 and its 200-day moving average price is $108.88. The company has a market capitalization of $454.21 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter last year, the business posted $2.14 earnings per share. The firm’s revenue was down 12.4% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil’s payout ratio is presently 56.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on XOM shares. Morgan Stanley upped their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Finally, Piper Sandler increased their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $125.26.

Exxon Mobil Company 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.