Michels Family Financial LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,067 shares of the oil and gas company's stock, valued at approximately $3,234,000. Exxon Mobil accounts for about 3.0% of Michels Family Financial LLC's investment portfolio, making the stock its 4th largest holding.
A number of other hedge funds have also recently made changes to their positions in XOM. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $36,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Mizuho lowered their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Check Out Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Price Performance
NYSE XOM traded down $0.76 during mid-day trading on Wednesday, hitting $102.76. The stock had a trading volume of 6,900,045 shares, compared to its average volume of 15,511,930. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market cap of $442.85 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a 50 day simple moving average of $107.77 and a 200 day simple moving average of $110.08. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.
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 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. Equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 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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