Sound Income Strategies LLC Has $1.58 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Sound Income Strategies LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 29.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 13,591 shares of the oil and gas company’s stock after buying an additional 3,106 shares during the period. Sound Income Strategies LLC’s holdings in Exxon Mobil were worth $1,580,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. West Paces Advisors Inc. increased its stake in shares of Exxon Mobil by 2.5% in the first quarter. West Paces Advisors Inc. now owns 6,447 shares of the oil and gas company’s stock valued at $749,000 after buying an additional 159 shares in the last quarter. Security National Bank lifted its position in shares of Exxon Mobil by 3.7% during the first quarter. Security National Bank now owns 9,019 shares of the oil and gas company’s stock worth $1,048,000 after purchasing an additional 318 shares in the last quarter. Cooksen Wealth LLC grew its stake in shares of Exxon Mobil by 44.3% during the first quarter. Cooksen Wealth LLC now owns 1,968 shares of the oil and gas company’s stock valued at $229,000 after purchasing an additional 604 shares during the last quarter. Prentice Wealth Management LLC raised its position in Exxon Mobil by 5.6% in the 1st quarter. Prentice Wealth Management LLC now owns 15,894 shares of the oil and gas company’s stock worth $1,848,000 after purchasing an additional 839 shares during the last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in Exxon Mobil by 1.1% during the 1st quarter. Thompson Investment Management Inc. now owns 153,745 shares of the oil and gas company’s stock worth $17,871,000 after buying an additional 1,604 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.0 %

XOM stock traded up $0.03 during trading hours on Wednesday, reaching $114.40. 15,769,717 shares of the stock were exchanged, compared to its average volume of 18,326,744. The company has a market cap of $451.08 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 4.11 and a beta of 0.92. The firm’s 50-day moving average is $115.50 and its 200-day moving average is $109.39. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last released its earnings results 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 the consensus estimate of $79.69 billion. During the same quarter in the previous year, the firm posted $2.83 EPS. The company’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

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

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. TD Cowen raised their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Scotiabank boosted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Company 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.