Archford Capital Strategies LLC Purchases 5,902 Shares of Exxon Mobil Corporation (NYSE:XOM)

Archford Capital Strategies LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 20.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,092 shares of the oil and gas company’s stock after acquiring an additional 5,902 shares during the period. Archford Capital Strategies LLC’s holdings in Exxon Mobil were worth $4,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Fourth Dimension Wealth LLC increased its position in shares of Exxon Mobil by 2.2% during the first quarter. Fourth Dimension Wealth LLC now owns 4,743 shares of the oil and gas company’s stock valued at $564,000 after buying an additional 100 shares during the period. Cornerstone Wealth Group LLC increased its position in shares of Exxon Mobil by 14.2% during the first quarter. Cornerstone Wealth Group LLC now owns 96,548 shares of the oil and gas company’s stock valued at $11,482,000 after buying an additional 12,003 shares during the period. Gerber LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at about $210,000. Vectors Research Management LLC increased its position in shares of Exxon Mobil by 3.8% during the first quarter. Vectors Research Management LLC now owns 28,617 shares of the oil and gas company’s stock valued at $3,403,000 after buying an additional 1,060 shares during the period. Finally, Invesco LLC increased its position in shares of Exxon Mobil by 7.4% during the first quarter. Invesco LLC now owns 17,368 shares of the oil and gas company’s stock valued at $2,066,000 after buying an additional 1,201 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.1%

NYSE:XOM opened at $108.41 on Thursday. The company’s 50 day moving average price is $106.92 and its 200-day moving average price is $108.54. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market cap of $467.21 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.17 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

About Exxon Mobil

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.