Strategic Capital Advisers Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 2,500 shares of the oil and gas company’s stock, valued at approximately $206,000.
Other hedge funds have also recently bought and sold shares of the company. Guardian Wealth Management Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $30,000. Horan Securities Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $31,000. West Bancorporation Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $32,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $42,000. Finally, Nvwm LLC raised its position in Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. StockNews.com lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. HSBC increased their price objective on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Credit Suisse Group upgraded Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $115.00 to $125.00 in a report on Tuesday, June 21st. Cowen increased their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Finally, Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $94.73.
Exxon Mobil Trading Up 4.6 %
Shares of XOM stock opened at $96.93 on Monday. The business’s 50 day moving average is $91.40 and its two-hundred day moving average is $85.44. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57. The company has a market capitalization of $408.32 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 0.33 and a beta of 1.07. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company’s quarterly revenue was up 70.8% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. Equities analysts forecast that Exxon Mobil Co. will post 11.46 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.63%. Exxon Mobil’s dividend payout ratio is currently 58.37%.
Exxon Mobil Company Profile
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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