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

Sound Income Strategies LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 29.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,591 shares of the oil and gas company’s stock after buying an additional 3,106 shares during the quarter. Sound Income Strategies LLC’s holdings in Exxon Mobil were worth $1,580,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $50,000. Keener Financial Planning LLC bought a new position in Exxon Mobil during the fourth quarter valued at $80,000. Neo Ivy Capital Management purchased a new stake in Exxon Mobil in the fourth quarter worth $80,000. Finally, Orion Capital Management LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.0 %

XOM traded up $0.03 during midday trading on Wednesday, reaching $114.40. 15,769,717 shares of the company’s stock traded hands, compared to its average volume of 18,326,744. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week 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. The firm has a fifty day moving average of $115.50 and a two-hundred day moving average of $109.39. The stock has a market capitalization of $451.08 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 4.11 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.83 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial reiterated a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. UBS Group lifted their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank boosted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Piper Sandler increased their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil 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 sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

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.