Brookwood Investment Group LLC Invests $1.20 Million in Exxon Mobil Corporation (NYSE:XOM)

Brookwood Investment Group LLC purchased a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,084 shares of the oil and gas company's stock, valued at approximately $1,199,000.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its position in Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank purchased a new position in Exxon Mobil in the fourth quarter worth approximately $6,936,737,000. Northern Trust Corp grew its position in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Bank of New York Mellon Corp grew its position in Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares during the period. Finally, Franklin Resources Inc. grew its position in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.3%

Shares of NYSE:XOM traded down $0.37 on Friday, hitting $110.42. 10,547,065 shares of the company's stock were exchanged, compared to its average volume of 14,495,533. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market capitalization of $475.87 billion, a PE ratio of 14.64, a P/E/G ratio of 2.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm's 50-day moving average is $108.75 and its 200 day moving average is $109.02.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 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 business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. Exxon Mobil's payout ratio is currently 52.52%.

Analyst Ratings Changes

Several brokerages recently weighed in on XOM. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho lowered their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $125.42.

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.