Accel Wealth Management Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Accel Wealth Management grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,616 shares of the oil and gas company’s stock after buying an additional 420 shares during the period. Accel Wealth Management’s holdings in Exxon Mobil were worth $787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. TrueWealth Advisors LLC grew its stake in shares of Exxon Mobil by 2.4% in the 1st quarter. TrueWealth Advisors LLC now owns 13,641 shares of the oil and gas company’s stock valued at $1,622,000 after purchasing an additional 317 shares during the last quarter. Apella Capital LLC grew its position in Exxon Mobil by 34.8% in the 1st quarter. Apella Capital LLC now owns 24,770 shares of the oil and gas company’s stock valued at $2,946,000 after buying an additional 6,400 shares during the last quarter. Level Financial Advisors increased its stake in Exxon Mobil by 1.5% in the 1st quarter. Level Financial Advisors now owns 11,610 shares of the oil and gas company’s stock valued at $1,381,000 after buying an additional 170 shares during the period. First Financial Corp IN raised its position in Exxon Mobil by 1.7% during the 1st quarter. First Financial Corp IN now owns 18,626 shares of the oil and gas company’s stock worth $2,215,000 after buying an additional 316 shares during the last quarter. Finally, CGN Advisors LLC lifted its stake in shares of Exxon Mobil by 47.3% in the 1st quarter. CGN Advisors LLC now owns 5,144 shares of the oil and gas company’s stock worth $612,000 after acquiring an additional 1,652 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $103.85 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $447.56 billion, a PE ratio of 13.25, a P/E/G ratio of 3.02 and a beta of 0.51. The firm has a 50 day simple moving average of $106.37 and a 200-day simple moving average of $109.47. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. Exxon Mobil’s revenue was up .1% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.81%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on XOM shares. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Finally, Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.50.

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.