Westside Investment Management Inc. Increases shares in Exxon Mobil Co. (NYSE:XOM)


Westside Investment Management Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating ) by 7.9% in the first quarter, HoldingsChannel reports. The fund owned 4,107 shares of the oil and gas company’s stock after buying an additional 300 shares during the period. Properties of Westside Investment Management Inc. in Exxon Mobil were worth $16,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Guardian Wealth Management Inc. bought a new position in Exxon Mobil during the 4th quarter worth about $30,000. Horan Securities Inc. bought a new stake in Exxon Mobil during the 4th quarter worth about $31,000. West Bancorporation Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at about $32,000. Nvwm LLC raised its stake in Exxon Mobil by 100.0% during the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its stake in Exxon Mobil by 454.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter. 54.07% of the shares are owned by institutional investors.

Shares of XOM stock opened at $86.08 on Friday. Exxon Mobil Co. it has a one year low of $52.10 and a one year high of $105.57. The firm has a 50-day simple moving average of $91.69 and a two-hundred-day simple moving average of $82.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76, and a current ratio of 1.07. The firm has a market cap of $362.62 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.31 and a beta of 1.07.

Exxon Mobil (NYSE:XOM – Get Rating ) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The business had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period a year ago, the business posted $0.65 earnings per share. As a group, stock analysts predict that Exxon Mobil Co. will post 11.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were paid a dividend of $0.88 per share. This represents an annual dividend of $3.52 and a yield of 4.09%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

A number of analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Exxon Mobil from $75.00 to $84.00 in a research note on Thursday, April 21st. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $90.00 to $100.00 in a research note on Thursday, 21 april Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $125.00 in a research note on Tuesday, the 21st June. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Cowen raised their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $90.48.

In other news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available through the SEC’s website. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. Disclosure for this sale can be found here. 0.04% of shares are owned by insiders.

About Exxon Mobil (Get rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream and Chemical segments. The company is also involved in the production, trading, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics and other miscellaneous petrochemicals; and captures and stores carbon, hydrogen and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



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