North Capital Inc. Takes $79,000 Position in Exxon Mobil Corporation (NYSE:XOM)

North Capital Inc. acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the first quarter, HoldingsChannel.com reports. The fund acquired 666 shares of the oil and gas company’s stock, valued at approximately $79,000.

A number of other institutional investors have also recently made changes to their positions in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Clarity Asset Management Inc. raised its holdings in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Finally, ZynergyRetirementPlanningLLC raised its holdings in shares of Exxon Mobil by 29.2% during the first quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company’s stock valued at $53,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $112.15 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The business has a fifty day moving average price of $107.32 and a 200-day moving average price of $108.52. The company has a market capitalization of $483.33 billion, a PE ratio of 14.87, a PEG ratio of 2.16 and a beta of 0.50.

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 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the company earned $2.06 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, equities analysts expect 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. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil’s payout ratio is presently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased 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. Piper Sandler upgraded Exxon Mobil from a “hold” rating to a “strong-buy” rating and upped their target price for the company from $125.00 to $131.00 in a report on Wednesday. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.40.

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.