Advisors Preferred LLC Takes Position in Exxon Mobil Corporation (NYSE:XOM)

Advisors Preferred LLC bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,200 shares of the oil and gas company's stock, valued at approximately $976,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. GAMMA Investing LLC raised its stake in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Franklin Resources Inc. raised its stake in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. Northern Trust Corp grew its position in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Exxon Mobil during the 4th quarter worth $240,653,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.37 during trading on Friday, reaching $110.42. The stock had a trading volume of 10,521,043 shares, compared to its average volume of 16,852,264. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market capitalization of $475.87 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 2.04 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $108.70 and a two-hundred day simple moving average of $109.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

About Exxon Mobil

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.