Argent Capital Management LLC Invests $210,000 in Exxon Mobil Co. (NYSE:XOM)

Argent Capital Management LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the 1st quarter, Holdings reports. The institutional investor acquired 3,762 shares of the oil and gas company’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in the stock. OneAscent Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $412,000. Sage Mountain Advisors LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $203,000. First Trust Advisors LP lifted its stake in shares of Exxon Mobil by 23.1% during the 4th quarter. First Trust Advisors LP now owns 484,921 shares of the oil and gas company’s stock worth $19,988,000 after purchasing an additional 90,859 shares during the last quarter. Meritage Portfolio Management grew its stake in Exxon Mobil by 375.0% in the fourth quarter. Meritage Portfolio Management now owns 69,141 shares of the oil and gas company’s stock valued at $2,850,000 after purchasing an additional 54,584 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its holdings in Exxon Mobil by 13.3% in the fourth quarter. Braun Stacey Associates Inc. now owns 265,705 shares of the oil and gas company’s stock worth $10,952,000 after purchasing an additional 31,102 shares in the last quarter. 51.42% of the stock is owned by institutional investors.

Shares of XOM opened at $62.75 on Friday. The stock’s 50-day moving average is $58.72. The firm has a market cap of $265.65 billion, a P/E ratio of -14.04, a P/E/G ratio of 1.39 and a beta of 1.43. Exxon Mobil Co. has a fifty-two week low of $31.11 and a fifty-two week high of $64.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.80 and a quick ratio of 0.50.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Thursday, April 29th. The oil and gas company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $59.15 billion for the quarter, compared to the consensus estimate of $55.36 billion. Exxon Mobil had a negative return on equity of 0.48% and a negative net margin of 10.35%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 3.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.55%. Exxon Mobil’s payout ratio is -1,054.55%.

A number of brokerages have recently issued reports on XOM. Barclays lifted their price objective on shares of Exxon Mobil from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, June 3rd. Mizuho upped their price target on Exxon Mobil from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, May 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective on shares of Exxon Mobil in a research report on Tuesday, March 16th. Truist upped their target price on Exxon Mobil from $60.00 to $64.00 in a research report on Monday, May 3rd. Finally, DZ Bank raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Wednesday, May 5th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $56.41.

About Exxon Mobil

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 manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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