1,719 Shares in Exxon Mobil Corporation (NYSE:XOM) Acquired by Cumberland Advisors Inc.

Cumberland Advisors Inc. bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,719 shares of the oil and gas company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. 10Elms LLP bought a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil during the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. increased its holdings in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler boosted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.42.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $109.61 on Friday. The stock has a market capitalization of $472.38 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The company has a fifty day moving average of $109.48 and a 200-day moving average of $109.13. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.14 EPS. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil’s payout ratio is currently 52.52%.

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.