Allied Investment Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,323 shares of the oil and gas company's stock after buying an additional 6,879 shares during the quarter. Exxon Mobil accounts for 2.6% of Allied Investment Advisors LLC's investment portfolio, making the stock its 9th largest holding. Allied Investment Advisors LLC's holdings in Exxon Mobil were worth $13,715,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 10.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 140,080 shares of the oil and gas company's stock valued at $16,660,000 after buying an additional 13,462 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 4.2% in the first quarter. Cerro Pacific Wealth Advisors LLC now owns 18,454 shares of the oil and gas company's stock valued at $2,195,000 after buying an additional 746 shares in the last quarter. IVC Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 33.7% in the first quarter. IVC Wealth Advisors LLC now owns 8,397 shares of the oil and gas company's stock valued at $999,000 after buying an additional 2,118 shares in the last quarter. Stolper Co boosted its stake in shares of Exxon Mobil by 0.5% in the first quarter. Stolper Co now owns 24,034 shares of the oil and gas company's stock valued at $2,858,000 after buying an additional 111 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. boosted its stake in shares of Exxon Mobil by 5.6% in the first quarter. Rooted Wealth Advisors Inc. now owns 4,357 shares of the oil and gas company's stock valued at $518,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Trading Up 0.7%
Exxon Mobil stock traded up $0.71 during trading on Monday, hitting $103.01. The company's stock had a trading volume of 17,286,652 shares, compared to its average volume of 15,555,130. The stock has a market capitalization of $443.95 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.51. The stock's fifty day moving average is $106.95 and its 200 day moving average is $109.62. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 dividend yield of 3.84%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.
Check Out Our Latest Stock Report on Exxon Mobil
Exxon Mobil Profile
(
Free Report)
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.
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