Brucke Financial Inc. Acquires Shares of 6,650 Exxon Mobil Co. (NYSE:XOM)

Brucke Financial Inc. purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,650 shares of the oil and gas company's stock, valued at approximately $710,000.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after buying an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $6,936,737,000. Northern Trust Corp lifted its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp boosted its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $0.45 during trading on Tuesday, hitting $103.48. The company had a trading volume of 13,011,033 shares, compared to its average volume of 15,545,595. The firm has a market capitalization of $445.96 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock has a fifty day simple moving average of $108.01 and a two-hundred day simple moving average of $110.13. 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 Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

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 the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 yield of 3.83%. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average 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.