Fiduciary Alliance LLC Purchases 134 Shares of Exxon Mobil Co. (NYSE:XOM)

Fiduciary Alliance LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,763 shares of the oil and gas company’s stock after acquiring an additional 134 shares during the period. Fiduciary Alliance LLC’s holdings in Exxon Mobil were worth $1,727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sandy Cove Advisors LLC lifted its holdings in Exxon Mobil by 39.7% during the 1st quarter. Sandy Cove Advisors LLC now owns 6,472 shares of the oil and gas company’s stock worth $752,000 after buying an additional 1,839 shares during the period. D.B. Root & Company LLC lifted its holdings in Exxon Mobil by 5.9% during the 1st quarter. D.B. Root & Company LLC now owns 22,772 shares of the oil and gas company’s stock worth $2,647,000 after buying an additional 1,276 shares during the period. Trilogy Capital Inc. lifted its holdings in Exxon Mobil by 14.8% during the 1st quarter. Trilogy Capital Inc. now owns 28,926 shares of the oil and gas company’s stock worth $3,362,000 after buying an additional 3,727 shares during the period. Red Door Wealth Management LLC lifted its holdings in Exxon Mobil by 9.7% during the 1st quarter. Red Door Wealth Management LLC now owns 22,285 shares of the oil and gas company’s stock worth $2,590,000 after buying an additional 1,966 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its stake in shares of Exxon Mobil by 3.6% in the 1st quarter. Cornerstone Wealth Group LLC now owns 80,878 shares of the oil and gas company’s stock valued at $9,401,000 after purchasing an additional 2,828 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on XOM shares. UBS Group boosted their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. TD Cowen boosted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Stock Performance

XOM stock opened at $114.96 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $453.29 billion, a PE ratio of 14.09, a P/E/G ratio of 4.14 and a beta of 0.91. The business has a 50 day moving average of $115.25 and a 200-day moving average of $109.72. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the business earned $2.83 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

Insider Activity at Exxon Mobil

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 transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

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.