Alhambra Investment Management LLC Purchases 4,000 Shares of Exxon Mobil Co. (NYSE:XOM)

Alhambra Investment Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 84.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,743 shares of the oil and gas company's stock after purchasing an additional 4,000 shares during the quarter. Alhambra Investment Management LLC's holdings in Exxon Mobil were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tallon Kerry Patrick acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $789,000. Union Bancaire Privee UBP SA acquired a new position in shares of Exxon Mobil in the fourth quarter worth $48,348,000. Leo Wealth LLC raised its holdings in shares of Exxon Mobil by 4.8% during the fourth quarter. Leo Wealth LLC now owns 42,207 shares of the oil and gas company's stock worth $4,540,000 after acquiring an additional 1,932 shares in the last quarter. Ledyard National Bank boosted its position in Exxon Mobil by 0.4% during the fourth quarter. Ledyard National Bank now owns 41,140 shares of the oil and gas company's stock valued at $4,425,000 after purchasing an additional 150 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Exxon Mobil by 11,131.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company's stock valued at $192,853,000 after purchasing an additional 1,776,848 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM traded up $0.59 during trading hours on Thursday, reaching $109.90. 6,501,965 shares of the company traded hands, compared to its average volume of 15,576,742. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock's fifty day moving average is $105.14 and its 200 day moving average is $108.89. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $473.63 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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. 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 the consensus estimate of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XOM shares. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

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.