Fullcircle Wealth LLC Raises Stake in Exxon Mobil Corporation (NYSE:XOM)

Fullcircle Wealth LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,876 shares of the oil and gas company’s stock after purchasing an additional 738 shares during the period. Fullcircle Wealth LLC’s holdings in Exxon Mobil were worth $1,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of XOM. Centennial Bank AR raised its position in Exxon Mobil by 6.3% in the 1st quarter. Centennial Bank AR now owns 6,510 shares of the oil and gas company’s stock valued at $774,000 after purchasing an additional 383 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in Exxon Mobil by 3.7% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 297,610 shares of the oil and gas company’s stock worth $35,395,000 after buying an additional 10,720 shares during the last quarter. Security National Bank of SO Dak grew its stake in shares of Exxon Mobil by 0.8% in the 1st quarter. Security National Bank of SO Dak now owns 26,793 shares of the oil and gas company’s stock valued at $3,186,000 after purchasing an additional 214 shares during the last quarter. Financial Counselors Inc. grew its stake in shares of Exxon Mobil by 4.7% in the 1st quarter. Financial Counselors Inc. now owns 625,442 shares of the oil and gas company’s stock valued at $74,384,000 after purchasing an additional 28,039 shares during the last quarter. Finally, Cooksen Wealth LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $229,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on XOM shares. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $125.55.

Exxon Mobil Price Performance

Shares of XOM stock opened at $114.19 on Wednesday. The stock’s fifty day moving average is $107.48 and its 200-day moving average is $108.62. 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 has a market capitalization of $492.12 billion, a PE ratio of 15.14, a PEG ratio of 2.14 and a beta of 0.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued 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. 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 for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 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.