Home Federal Bank of Tennessee increased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,168 shares of the oil and gas company’s stock after purchasing an additional 150 shares during the period. Home Federal Bank of Tennessee’s holdings in Exxon Mobil were worth $1,170,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC increased its position in shares of Exxon Mobil by 19.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 80,324 shares of the oil and gas company’s stock worth $4,915,000 after purchasing an additional 13,073 shares during the period. Green Square Capital Advisors LLC grew its position in Exxon Mobil by 3.4% in the fourth quarter. Green Square Capital Advisors LLC now owns 41,690 shares of the oil and gas company’s stock valued at $2,551,000 after acquiring an additional 1,352 shares during the last quarter. Allied Investment Advisors LLC grew its position in Exxon Mobil by 0.5% in the first quarter. Allied Investment Advisors LLC now owns 121,494 shares of the oil and gas company’s stock valued at $10,034,000 after acquiring an additional 618 shares during the last quarter. EP Wealth Advisors LLC grew its position in Exxon Mobil by 0.8% in the fourth quarter. EP Wealth Advisors LLC now owns 517,240 shares of the oil and gas company’s stock valued at $31,650,000 after acquiring an additional 4,314 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $301,000. Institutional investors own 54.07% of the company’s stock.
A number of research firms have issued reports on XOM. StockNews.com cut Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. set a $100.00 target price on Exxon Mobil in a research report on Tuesday, March 29th. Citigroup lifted their target price on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $125.00 in a research note on Tuesday. Finally, Argus lifted their price target on Exxon Mobil from $92.00 to $104.00 in a research note on Monday, May 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $89.24.
Exxon Mobil stock opened at $87.86 on Thursday. The stock’s 50 day moving average is $91.53 and its 200 day moving average is $80.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market cap of $370.11 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.35 and a beta of 1.05. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. During the same period last year, the firm posted $0.65 earnings per share. Exxon Mobil’s quarterly revenue was up 53.0% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 4.01%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.
Exxon Mobil Company Profile (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 manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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