Alpha Omega Wealth Management LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Alpha Omega Wealth Management LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,355 shares of the oil and gas company’s stock after acquiring an additional 400 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Exxon Mobil were worth $1,552,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $80,000. Neo Ivy Capital Management purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $80,000. Finally, Orion Capital Management LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at $91,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.12 on Monday. The stock has a market cap of $453.92 billion, a PE ratio of 14.11, a P/E/G ratio of 4.14 and a beta of 0.92. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a fifty day simple moving average of $115.25 and a 200-day simple moving average of $109.72.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the company earned $2.83 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. HSBC increased their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Truist Financial reiterated a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Company lifted their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $133.82.

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.