Altrius Capital Management Inc Has $5.03 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Altrius Capital Management Inc boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,316 shares of the oil and gas company’s stock after buying an additional 1,655 shares during the period. Altrius Capital Management Inc’s holdings in Exxon Mobil were worth $5,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. Norges Bank acquired a new stake in Exxon Mobil during the 4th quarter worth about $6,936,737,000. GAMMA Investing LLC raised its holdings in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XOM. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Trading Up 1.4%

NYSE:XOM opened at $114.81 on Monday. The company has a market capitalization of $494.77 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.29 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock’s 50 day moving average price is $106.56 and its 200 day moving average price is $108.56. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The firm 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%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.45%. Exxon Mobil’s payout ratio is currently 52.52%.

Exxon Mobil Company 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.