Capital Management Associates Inc Invests $345,000 in Exxon Mobil Corporation (NYSE:XOM)

Capital Management Associates Inc purchased a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,898 shares of the oil and gas company's stock, valued at approximately $345,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. increased its holdings in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $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.

Exxon Mobil Price Performance

NYSE XOM opened at $114.19 on Wednesday. The firm has a market capitalization of $492.12 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.50. The company has a 50 day simple moving average of $107.48 and a 200-day simple moving average of $108.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $2.06 earnings per share. Equities research analysts predict that Exxon Mobil Corporation 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 was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.47%. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday. TD Cowen boosted 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. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered 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. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.55.

Exxon Mobil 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.

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