Waterway Wealth Management LLC Buys 4,206 Shares of Exxon Mobil Co. (NYSE:XOM)

Waterway Wealth Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 41.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,393 shares of the oil and gas company’s stock after acquiring an additional 4,206 shares during the quarter. Exxon Mobil makes up 0.7% of Waterway Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Waterway Wealth Management LLC’s holdings in Exxon Mobil were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $50,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the fourth quarter valued at $80,000. Neo Ivy Capital Management acquired a new stake in Exxon Mobil during the 4th quarter worth about $80,000. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at about $91,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XOM shares. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Piper Sandler raised their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.96 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a fifty day moving average price of $115.25 and a 200-day moving average price of $109.72. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market cap of $453.29 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91.

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

Exxon Mobil Dividend Announcement

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

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.