Lineweaver Wealth Advisors LLC Has $3.77 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Lineweaver Wealth Advisors LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,665 shares of the oil and gas company’s stock after acquiring an additional 2,724 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,767,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quantinno Capital Management LP increased its holdings in shares of Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after acquiring an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $55,000. Legacy Trust boosted its stake in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after purchasing an additional 997 shares during the period. Paradigm Capital Management LLC NV boosted its stake in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after purchasing an additional 227 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in Exxon Mobil by 24.2% in the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock valued at $4,605,000 after purchasing an additional 7,543 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $112.26 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market capitalization of $483.78 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 2.15 and a beta of 0.50. The stock has a fifty day moving average of $108.54 and a 200-day moving average of $108.91.

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, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.05.

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.