Breakwater Capital Group Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Breakwater Capital Group grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,942 shares of the oil and gas company’s stock after acquiring an additional 654 shares during the period. Breakwater Capital Group’s holdings in Exxon Mobil were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Capital Management LLC boosted its position in shares of Exxon Mobil by 1.3% in the third quarter. Evergreen Capital Management LLC now owns 50,052 shares of the oil and gas company’s stock worth $5,885,000 after purchasing an additional 636 shares during the period. Elevatus Welath Management lifted its stake in shares of Exxon Mobil by 10.0% during the 3rd quarter. Elevatus Welath Management now owns 7,112 shares of the oil and gas company’s stock valued at $836,000 after buying an additional 649 shares in the last quarter. Legacy Advisors LLC boosted its holdings in Exxon Mobil by 49.1% in the 3rd quarter. Legacy Advisors LLC now owns 18,969 shares of the oil and gas company’s stock worth $2,230,000 after buying an additional 6,245 shares during the period. Laurel Wealth Advisors LLC increased its stake in Exxon Mobil by 2.2% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 24,881 shares of the oil and gas company’s stock worth $2,925,000 after buying an additional 525 shares in the last quarter. Finally, LaSalle St. Investment Advisors LLC raised its holdings in Exxon Mobil by 28.8% during the third quarter. LaSalle St. Investment Advisors LLC now owns 45,080 shares of the oil and gas company’s stock valued at $5,300,000 after acquiring an additional 10,080 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.1 %

Shares of XOM 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. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company 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 fifty day moving average of $115.25 and a 200 day moving average of $109.72.

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

Exxon Mobil Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Truist Financial reiterated a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. TD Cowen increased their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, HSBC boosted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction 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 sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.

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.