ExxonMobil Corporation $XOM Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its position in ExxonMobil Corporation (NYSE:XOM) by 113.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 100,340 shares of the oil and gas company’s stock after acquiring an additional 53,353 shares during the quarter. Diversify Wealth Management LLC’s holdings in ExxonMobil were worth $15,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in XOM. Berbice Capital Management LLC purchased a new position in ExxonMobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares in the last quarter. Key Capital Management INC acquired a new stake in shares of ExxonMobil in the fourth quarter valued at about $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in shares of ExxonMobil in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of XOM opened at $145.79 on Friday. The firm’s fifty day simple moving average is $145.72 and its 200-day simple moving average is $146.30. The firm has a market capitalization of $604.31 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 0.59 and a beta of 0.17. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 11.43 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. DZ Bank raised shares of ExxonMobil to a “strong-buy” rating in a research note on Monday, July 6th. Morgan Stanley cut their price target on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a report on Monday, June 29th. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. TD Cowen cut their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.45.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.