Iron Horse Wealth Management LLC Purchases 116 Shares of Exxon Mobil Co. (NYSE:XOM)

Iron Horse Wealth Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,618 shares of the oil and gas company’s stock after purchasing an additional 116 shares during the period. Exxon Mobil comprises 0.1% of Iron Horse Wealth Management LLC’s portfolio, making the stock its 28th biggest position. Iron Horse Wealth Management LLC’s holdings in Exxon Mobil were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. PFS Partners LLC lifted its position in Exxon Mobil by 0.5% during the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after acquiring an additional 89 shares during the period. Auxier Asset Management lifted its holdings in shares of Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares during the period. Boltwood Capital Management lifted its holdings in shares of Exxon Mobil by 0.4% in the 4th quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after buying an additional 98 shares during the period. Stolper Co lifted its holdings in shares of Exxon Mobil by 0.4% in the 1st quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock valued at $2,768,000 after buying an additional 98 shares during the period. Finally, CMG Global Holdings LLC lifted its holdings in shares of Exxon Mobil by 0.4% in the 4th quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock valued at $2,483,000 after buying an additional 99 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $115.12 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a 50 day moving average of $115.25 and a two-hundred day moving average of $109.72. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market cap of $453.92 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 4.14 and a beta of 0.92.

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

Exxon Mobil Dividend Announcement

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

Exxon Mobil 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.