Icon Wealth Partners LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,233 shares of the oil and gas company’s stock after purchasing an additional 12,680 shares during the period. Exxon Mobil comprises 1.6% of Icon Wealth Partners LLC’s holdings, making the stock its 10th largest holding. Icon Wealth Partners LLC’s holdings in Exxon Mobil were worth $16,207,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Exxon Mobil by 13.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 24,022 shares of the oil and gas company’s stock valued at $1,470,000 after purchasing an additional 2,803 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $223,000. DNB Asset Management AS boosted its holdings in shares of Exxon Mobil by 29.4% in the 4th quarter. DNB Asset Management AS now owns 726,012 shares of the oil and gas company’s stock valued at $44,425,000 after purchasing an additional 164,951 shares in the last quarter. KMG Fiduciary Partners LLC boosted its holdings in shares of Exxon Mobil by 8.9% in the 4th quarter. KMG Fiduciary Partners LLC now owns 9,686 shares of the oil and gas company’s stock valued at $593,000 after purchasing an additional 793 shares in the last quarter. Finally, Moulton Wealth Management Inc. boosted its holdings in shares of Exxon Mobil by 4.1% in the 4th quarter. Moulton Wealth Management Inc. now owns 12,071 shares of the oil and gas company’s stock valued at $796,000 after purchasing an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.
NYSE:XOM opened at $87.55 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $368.81 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The firm’s 50 day moving average is $91.57 and its 200 day moving average is $81.88. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The company had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. Research analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a yield of 4.02%. Exxon Mobil’s payout ratio is 58.37%.
In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the sale, the vice president now owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.
A number of brokerages have weighed in on XOM. The Goldman Sachs Group raised their target price on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Wells Fargo & Company raised their price objective on Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, March 11th. JPMorgan Chase & Co. set a $100.00 price objective on Exxon Mobil in a report on Tuesday, March 29th. StockNews.com downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Cowen raised their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average price target of $90.48.
Exxon Mobil Company Profile: (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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