Calamos Wealth Management LLC Acquires 16,053 Shares of Exxon Mobil Corporation (NYSE:XOM)

Calamos Wealth Management LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 76.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 37,128 shares of the oil and gas company’s stock after acquiring an additional 16,053 shares during the period. Calamos Wealth Management LLC’s holdings in Exxon Mobil were worth $4,416,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its position in Exxon Mobil by 35.3% during the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company’s stock valued at $1,963,000 after acquiring an additional 4,760 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in Exxon Mobil by 16.9% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,141 shares of the oil and gas company’s stock worth $445,000 after purchasing an additional 600 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Exxon Mobil by 19.2% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 119,926 shares of the oil and gas company’s stock valued at $12,900,000 after purchasing an additional 19,358 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Exxon Mobil by 0.3% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 51,452 shares of the oil and gas company’s stock valued at $5,535,000 after purchasing an additional 158 shares during the last quarter. Finally, Destination Wealth Management increased its position in shares of Exxon Mobil by 122.2% during the 4th quarter. Destination Wealth Management now owns 13,622 shares of the oil and gas company’s stock valued at $1,465,000 after purchasing an additional 7,492 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XOM shares. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Morgan Stanley decreased 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 cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Exxon Mobil Stock Up 1.0%

NYSE XOM opened at $112.15 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $483.33 billion, a PE ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50. The stock’s 50 day moving average is $107.32 and its 200 day moving average is $108.52.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $2.06 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

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.