Krilogy Financial LLC Purchases 2,515 Shares of Exxon Mobil Co. (NYSE:XOM)

Krilogy Financial LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,345 shares of the oil and gas company’s stock after acquiring an additional 2,515 shares during the period. Krilogy Financial LLC’s holdings in Exxon Mobil were worth $2,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $32,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. raised its stake in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.1%

XOM stock opened at $112.06 on Friday. The firm has a fifty day moving average price of $105.51 and a 200 day moving average price of $108.78. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $482.95 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the firm posted $2.06 earnings per share. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.50.

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.