Opal Wealth Advisors LLC Has $1.04 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Opal Wealth Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,917 shares of the oil and gas company’s stock after acquiring an additional 291 shares during the period. Opal Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,037,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $46,000. Vima LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. Neo Ivy Capital Management acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the 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 completion of the sale, the vice president now 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 SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Scotiabank boosted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. UBS Group upped their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Barclays started coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $133.71.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.23 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market cap of $438.58 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.98 and a beta of 0.92. The stock has a 50-day moving average of $115.70 and a 200-day moving average of $109.17. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued 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 business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.83 earnings per share. As a group, sell-side analysts expect 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 issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio 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.