Michels Family Financial LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Michels Family Financial LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,067 shares of the oil and gas company's stock, valued at approximately $3,234,000. Exxon Mobil makes up approximately 3.0% of Michels Family Financial LLC's investment portfolio, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Tallon Kerry Patrick bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $789,000. Charles Schwab Trust Co grew its stake in Exxon Mobil by 13.1% during the fourth quarter. Charles Schwab Trust Co now owns 25,981 shares of the oil and gas company's stock worth $2,795,000 after buying an additional 3,010 shares during the last quarter. Lockerman Financial Group Inc. increased its holdings in shares of Exxon Mobil by 6.3% during the fourth quarter. Lockerman Financial Group Inc. now owns 3,902 shares of the oil and gas company's stock worth $420,000 after buying an additional 231 shares in the last quarter. Transform Wealth LLC raised its stake in shares of Exxon Mobil by 15.3% in the fourth quarter. Transform Wealth LLC now owns 153,532 shares of the oil and gas company's stock valued at $16,515,000 after acquiring an additional 20,373 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Exxon Mobil by 4.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 2,036,668 shares of the oil and gas company's stock worth $219,084,000 after acquiring an additional 83,539 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock traded up $0.45 during trading on Tuesday, hitting $103.48. The company's stock had a trading volume of 13,005,706 shares, compared to its average volume of 15,545,454. The business has a fifty day moving average of $108.01 and a 200-day moving average of $110.13. 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 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $445.96 billion, a PE ratio of 13.20, a P/E/G ratio of 3.02 and a beta of 0.51.

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 for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current 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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.