Capital Wealth Alliance LLC Purchases 447 Shares of Exxon Mobil Co. (NYSE:XOM)

Capital Wealth Alliance LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 15.5% in the first quarter, Holdings Channel reports. The institutional investor owned 3,340 shares of the oil and gas company’s stock after buying an additional 447 shares during the period. Capital Wealth Alliance LLC’s holdings in Exxon Mobil were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Carmel Capital Partners LLC lifted its stake in Exxon Mobil by 1.0% during the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after purchasing an additional 86 shares during the last quarter. PFS Partners LLC lifted its stake in shares of Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after acquiring an additional 89 shares during the last quarter. Bay Rivers Group lifted its stake in shares of Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after acquiring an additional 90 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Exxon Mobil by 0.4% in the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after acquiring an additional 91 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Exxon Mobil by 0.8% in the 1st quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock valued at $1,302,000 after acquiring an additional 93 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Company boosted their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays lowered their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Truist Financial lowered their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.78.

Exxon Mobil Stock Down 0.7 %

Shares of Exxon Mobil stock traded down $0.79 during midday trading on Monday, hitting $115.28. The company had a trading volume of 12,061,479 shares, compared to its average volume of 17,729,674. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a market capitalization of $454.55 billion, a P/E ratio of 14.13, a P/E/G ratio of 4.47 and a beta of 0.91. The company has a 50 day moving average of $114.08 and a 200 day moving average of $111.18. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.83 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.