Brooklyn Investment Group Buys 9,175 Shares of Exxon Mobil Corporation $XOM

Key Points

• Brooklyn Investment Group increased its stake in Exxon Mobil by 39.0%, acquiring an additional 9,175 shares, bringing its total ownership to 32,705 shares worth approximately $3,890,000.
• Exxon Mobil reported a net margin of 9.17% and a quarterly EPS of $1.64, exceeding analysts' expectations of $1.47, despite a year-over-year revenue decline of 12.4% to $81.51 billion.
• The company declared a quarterly dividend of $0.99, set to be paid on September 10th, with an annualized dividend yield of 3.7% and a payout ratio of 56.25%.

Brooklyn Investment Group raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 39.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,705 shares of the oil and gas company's stock after buying an additional 9,175 shares during the period. Exxon Mobil comprises about 0.8% of Brooklyn Investment Group's investment portfolio, making the stock its 19th biggest position. Brooklyn Investment Group's holdings in Exxon Mobil were worth $3,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Elequin Capital LP bought a new position in shares of Exxon Mobil in the 1st quarter worth $31,000. Versor Investments LP increased its holdings in shares of Exxon Mobil by 136.6% in the 1st quarter. Versor Investments LP now owns 10,100 shares of the oil and gas company's stock worth $1,201,000 after buying an additional 5,831 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth $190,000. FCG Investment Co increased its holdings in shares of Exxon Mobil by 7.8% in the 1st quarter. FCG Investment Co now owns 30,877 shares of the oil and gas company's stock worth $3,672,000 after buying an additional 2,234 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of Exxon Mobil by 8.9% in the 1st quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company's stock worth $2,767,000 after buying an additional 1,895 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.8%

Shares of NYSE XOM opened at $106.54 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market capitalization of $454.21 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. The firm has a fifty day simple moving average of $110.25 and a two-hundred day simple moving average of $108.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period in the prior year, the business earned $2.14 EPS. The company's revenue for the quarter was down 12.4% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wall Street Zen cut shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Saturday. 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 note on Tuesday, May 13th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $125.26.

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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