Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 32.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,655 shares of the oil and gas company's stock after buying an additional 13,015 shares during the quarter. Alpha Cubed Investments LLC's holdings in Exxon Mobil were worth $6,381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter worth about $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil during the first quarter worth about $45,000. Clarity Asset Management Inc. raised its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. acquired a new position in Exxon Mobil during the fourth quarter worth about $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho cut 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 report on Tuesday, May 13th. Scotiabank boosted their price objective on shares of Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research report on Friday. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Trading Up 0.6%

Shares of Exxon Mobil stock traded up $0.71 during trading hours on Friday, hitting $115.64. The company's stock had a trading volume of 5,014,655 shares, compared to its average volume of 15,761,721. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a fifty day moving average of $107.83 and a 200 day moving average of $108.72. The company has a market capitalization of $498.38 billion, a PE ratio of 15.33, a P/E/G ratio of 2.19 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.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $2.06 EPS. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 3.42%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Exxon Mobil Company 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.