Aviance Capital Partners LLC Has $5.27 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Aviance Capital Partners LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 21.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,366 shares of the oil and gas company’s stock after purchasing an additional 8,070 shares during the quarter. Exxon Mobil makes up about 0.8% of Aviance Capital Partners LLC’s portfolio, making the stock its 29th largest holding. Aviance Capital Partners LLC’s holdings in Exxon Mobil were worth $5,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in XOM. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter worth approximately $5,519,753,000. Global Assets Advisory LLC grew its holdings in Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after acquiring an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after acquiring an additional 11,216,602 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after acquiring an additional 4,870,115 shares during the last quarter. Finally, Capital International Investors grew its holdings in Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after acquiring an additional 4,084,458 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.7 %

Exxon Mobil stock opened at $114.18 on Wednesday. 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’s fifty day moving average is $115.14 and its 200 day moving average is $109.82. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a market capitalization of $450.21 billion, a PE ratio of 13.99, a PEG ratio of 4.14 and a beta of 0.91.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.33%. Exxon Mobil’s payout ratio is 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. 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 research note on Monday, May 13th. Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, Scotiabank upped their price objective 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. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.82.

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.