Elite Financial Inc. Purchases Shares of 2,537 Exxon Mobil Co. (NYSE:XOM)

Elite Financial Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,537 shares of the oil and gas company's stock, valued at approximately $272,000.

Several other hedge funds also recently made changes to their positions in the business. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter valued at approximately $36,000. Finally, Compass Planning Associates Inc bought a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank cut 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. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Trading Up 0.4%

XOM stock traded up $0.45 during midday trading on Tuesday, hitting $103.48. The stock had a trading volume of 13,011,033 shares, compared to its average volume of 15,545,599. The firm has a market cap of $445.96 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a fifty day moving average price of $107.77 and a two-hundred day moving average price of $110.08.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.83%. Exxon Mobil's payout ratio is 52.52%.

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.