Aurdan Capital Management LLC bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,905 shares of the oil and gas company's stock, valued at approximately $635,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Beacon Capital Management LLC raised its stake in Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 93 shares during the period. Altus Wealth Group LLC grew its holdings in Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after buying an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Exxon Mobil by 11.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after buying an additional 94 shares in the last quarter. Field & Main Bank grew its holdings in Exxon Mobil by 0.4% during the 4th quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company's stock valued at $2,527,000 after buying an additional 95 shares in the last quarter. Finally, WPWealth LLP grew its holdings in Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after buying an additional 96 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on XOM. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.50.
Get Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Trading Up 0.2%
XOM stock traded up $0.17 during mid-day trading on Thursday, hitting $102.28. 6,784,514 shares of the company were exchanged, compared to its average volume of 15,513,022. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $440.79 billion, a P/E ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. The business has a fifty day simple moving average of $107.50 and a 200-day simple moving average of $110.02. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. Exxon Mobil's revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business 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 dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.87%. Exxon Mobil's payout ratio is currently 52.52%.
Exxon Mobil Company 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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