BluePointe Capital Management LLC Buys New Position in Exxon Mobil Corporation (NYSE:XOM)

BluePointe Capital Management LLC purchased a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,277 shares of the oil and gas company's stock, valued at approximately $390,000.

A number of other hedge funds have also added to or reduced their stakes in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil in the first quarter worth $45,000. Finally, Clarity Asset Management Inc. raised its holdings in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.90 on Wednesday. The company has a market cap of $486.56 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 2.18 and a beta of 0.50. The business's fifty day simple moving average is $108.39 and its two-hundred day simple moving average is $108.89. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is presently 52.52%.

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.

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