Long Run Wealth Advisors LLC Has $1.60 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Long Run Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 310.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 13,421 shares of the oil and gas company’s stock after acquiring an additional 10,152 shares during the period. Long Run Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,596,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XOM. Beacon Capital Management LLC boosted its holdings in Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after buying an additional 93 shares in the last quarter. Altus Wealth Group LLC raised its position in shares of Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after acquiring an additional 94 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in shares of Exxon Mobil by 11.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 94 shares in the last quarter. WPWealth LLP grew its position in shares of Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after acquiring an additional 96 shares during the period. Finally, Marietta Wealth Management LLC grew its position in shares of Exxon Mobil by 3.0% during the 4th quarter. Marietta Wealth Management LLC now owns 3,319 shares of the oil and gas company’s stock valued at $357,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $103.85 on Wednesday. The business has a 50 day moving average price of $106.37 and a 200 day moving average price of $109.47. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $447.56 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. 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 52.52%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho dropped 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 note on Tuesday, May 13th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Finally, Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.50.

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.