Park Square Financial Group LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Park Square Financial Group LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,949 shares of the oil and gas company's stock, valued at approximately $640,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Total Wealth Planning & Management Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth $1,280,000. Menard Financial Group LLC boosted its holdings in Exxon Mobil by 20.1% in the fourth quarter. Menard Financial Group LLC now owns 22,867 shares of the oil and gas company's stock valued at $2,460,000 after purchasing an additional 3,823 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Exxon Mobil in the fourth quarter valued at $240,653,000. Brooklyn FI LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $343,000. Finally, Brucke Financial Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth about $710,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 1.4%

Shares of Exxon Mobil stock 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. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The firm 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 has a fifty day moving average of $107.77 and a 200-day moving average of $110.08. 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 (NYSE:XOM - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared 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 3.88%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. Wells Fargo & Company cut their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research 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. Finally, Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.