Atlas Legacy Advisors LLC Increases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Atlas Legacy Advisors LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,271 shares of the oil and gas company’s stock after purchasing an additional 295 shares during the period. Atlas Legacy Advisors LLC’s holdings in Exxon Mobil were worth $508,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP lifted its holdings in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $55,000. Journey Strategic Wealth LLC lifted its stake in shares of Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock valued at $2,608,000 after buying an additional 1,379 shares during the period. Legacy Trust lifted its stake in shares of Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after buying an additional 997 shares during the period. Finally, Hartford Funds Management Co LLC grew its stake in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after acquiring an additional 2,617 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on XOM shares. Piper Sandler increased their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Mizuho dropped 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. Morgan Stanley reissued an “overweight” rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $125.42.

Exxon Mobil Price Performance

XOM stock opened at $110.42 on Monday. The firm has a market cap of $475.87 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a 50-day simple moving average of $108.75 and a 200-day simple moving average of $109.05.

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, 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%. Exxon Mobil’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 EPS. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is 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.