Chris Bulman Inc bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,306 shares of the oil and gas company's stock, valued at approximately $274,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Quantinno Capital Management LP boosted its position in shares of Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after acquiring an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth about $55,000. Renasant Bank grew its stake in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after purchasing an additional 493 shares in the last quarter. Paradigm Capital Management LLC NV raised its holdings in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after acquiring an additional 227 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. grew its holdings in Exxon Mobil by 2,334.5% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company's stock worth $3,897,000 after acquiring an additional 34,738 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
XOM has been the subject of a number of research analyst reports. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Scotiabank decreased their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $125.50.
Get Our Latest Research Report on Exxon Mobil
Exxon Mobil Trading Up 0.4%
XOM stock traded up $0.40 during midday trading on Thursday, reaching $109.71. 17,447,260 shares of the company's stock traded hands, compared to its average volume of 15,625,469. The business has a 50-day moving average price of $105.14 and a two-hundred day moving average price of $108.89. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $472.81 billion, a P/E ratio of 13.99, a PEG ratio of 3.02 and a beta of 0.49.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. Exxon Mobil's payout ratio is currently 52.52%.
About Exxon Mobil
(
Free Report)
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.
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