D Orazio & Associates Inc. Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

D Orazio & Associates Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,606 shares of the oil and gas company’s stock after acquiring an additional 174 shares during the period. D Orazio & Associates Inc.’s holdings in Exxon Mobil were worth $1,499,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of XOM. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $32,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $47,000. Finally, Clarity Asset Management Inc. raised its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 100 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on XOM shares. 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 note on Tuesday, May 13th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $112.06 on Monday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock’s 50 day simple moving average is $105.51 and its two-hundred day simple moving average is $108.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $482.95 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last released 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. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

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.