Golden State Wealth Management LLC Has $1.15 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Golden State Wealth Management LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,659 shares of the oil and gas company’s stock after purchasing an additional 360 shares during the quarter. Golden State Wealth Management LLC’s holdings in Exxon Mobil were worth $1,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SOA Wealth Advisors LLC. grew its stake in Exxon Mobil by 29.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after buying an additional 1,595 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock worth $1,963,000 after acquiring an additional 1,875,320 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Exxon Mobil by 4.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 111,129 shares of the oil and gas company’s stock worth $11,954,000 after acquiring an additional 5,183 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Exxon Mobil by 0.4% during the 4th quarter. Arizona State Retirement System now owns 1,291,755 shares of the oil and gas company’s stock worth $138,954,000 after acquiring an additional 5,531 shares in the last quarter. Finally, Vision Financial Markets LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $350,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.40.

Exxon Mobil Price Performance

XOM stock opened at $112.15 on Friday. The company has a market capitalization of $483.33 billion, a P/E ratio of 14.87, a PEG ratio of 2.16 and a beta of 0.50. The company has a fifty day moving average price of $107.32 and a 200-day moving average price of $108.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

About Exxon Mobil

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.