Arista Wealth Management LLC Acquires Shares of 4,925 Exxon Mobil Co. (NYSE:XOM)

Arista Wealth Management LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM) during the second quarter, Holdings Channel reports. The fund purchased 4,925 shares of the oil and gas company’s stock, valued at approximately $567,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. grew its stake in shares of Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after acquiring an additional 545 shares during the period. Aveo Capital Partners LLC increased its stake in shares of Exxon Mobil by 5.0% in the fourth quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after purchasing an additional 984 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after purchasing an additional 5,565 shares during the period. BlackDiamond Wealth Management LLC lifted its stake in shares of Exxon Mobil by 17.8% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 2,525 shares of the oil and gas company’s stock valued at $256,000 after buying an additional 382 shares in the last quarter. Finally, AXS Investments LLC lifted its stake in shares of Exxon Mobil by 8.0% during the 4th quarter. AXS Investments LLC now owns 2,444 shares of the oil and gas company’s stock valued at $244,000 after buying an additional 180 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.27 on Friday. The firm has a market capitalization of $454.51 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The business’s 50-day moving average price is $115.88 and its 200-day moving average price is $115.33.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the firm posted $1.94 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.30%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. Wells Fargo & Company reduced their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Truist Financial lowered their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.76.

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.