Exxon Mobil Corporation (NYSE:XOM) Position Lessened by Von Berge Wealth Management Group LLC

Von Berge Wealth Management Group LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,175 shares of the oil and gas company’s stock after selling 995 shares during the period. Exxon Mobil comprises approximately 0.9% of Von Berge Wealth Management Group LLC’s portfolio, making the stock its 25th biggest holding. Von Berge Wealth Management Group LLC’s holdings in Exxon Mobil were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Norges Bank bought a new position in Exxon Mobil during the fourth quarter valued at about $6,936,737,000. GAMMA Investing LLC grew its position in Exxon Mobil by 14,242.7% during the first 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 in the last quarter. Franklin Resources Inc. grew its position in Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Northern Trust Corp grew its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Exxon Mobil during the fourth quarter worth about $240,653,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.15 on Friday. The firm has a market cap of $483.33 billion, a PE ratio of 14.87, a PEG ratio of 2.15 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a fifty day moving average price of $107.25 and a 200 day moving average price of $108.48.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler raised Exxon Mobil from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from $125.00 to $131.00 in a report on Wednesday. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.