Global Wealth Strategies & Associates Buys 1,023 Shares of Exxon Mobil Co. (NYSE:XOM)

Global Wealth Strategies & Associates increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 104.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,001 shares of the oil and gas company’s stock after acquiring an additional 1,023 shares during the period. Global Wealth Strategies & Associates’ holdings in Exxon Mobil were worth $233,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Auxier Asset Management grew its holdings in Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares in the last quarter. Boltwood Capital Management grew its holdings in Exxon Mobil by 0.4% during the 4th quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after buying an additional 98 shares in the last quarter. CMG Global Holdings LLC boosted its position in shares of Exxon Mobil by 0.4% during the 4th quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock valued at $2,483,000 after acquiring an additional 99 shares during the last quarter. Argus Investors Counsel Inc. boosted its position in shares of Exxon Mobil by 0.5% during the 4th quarter. Argus Investors Counsel Inc. now owns 20,450 shares of the oil and gas company’s stock valued at $2,045,000 after acquiring an additional 100 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. boosted its position in shares of Exxon Mobil by 5.0% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 2,100 shares of the oil and gas company’s stock valued at $210,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.0 %

XOM stock opened at $109.41 on Wednesday. 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 business’s 50-day moving average is $116.35 and its two-hundred day moving average is $108.96. The company has a market cap of $431.40 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 3.86 and a beta of 0.92. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last released 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 firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.83 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Truist Financial reissued a “hold” rating and set a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, UBS Group upped their price target on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.71.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’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 transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil 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.