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

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP increased its position in Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $55,000. Rockline Wealth Management LLC raised its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after acquiring an additional 1,498 shares in the last quarter. Renasant Bank lifted its holdings in Exxon Mobil by 5.0% in 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 during the last quarter. Finally, Paradigm Capital Management LLC NV boosted its position in Exxon Mobil by 1.6% during the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after purchasing an additional 227 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.4%

NYSE XOM traded down $1.42 during trading hours on Wednesday, reaching $102.10. 14,251,325 shares of the company's stock were exchanged, compared to its average volume of 15,546,853. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $440.01 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company's 50-day moving average is $107.77 and its two-hundred day moving average is $110.08. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates 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%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $2.06 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.88%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Piper Sandler restated a "hold" rating on shares of Exxon Mobil in a research note on Wednesday. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, BMO Capital Markets cut their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Company Profile

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.