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

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

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP grew 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 in the last quarter. Accredited Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $55,000. Rockline Wealth Management LLC boosted its holdings in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after purchasing an additional 1,498 shares in the last quarter. Renasant Bank boosted its holdings in Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after purchasing an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV boosted its holdings 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 valued at $1,532,000 after purchasing an additional 227 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.6%

XOM stock traded up $0.59 during trading on Thursday, hitting $102.70. The company had a trading volume of 13,812,166 shares, compared to its average volume of 15,540,170. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $107.50 and a 200-day moving average price of $110.02. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $442.59 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. Exxon Mobil's revenue was up .1% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil 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.