Capital Management Associates Inc Takes Position in Exxon Mobil Corporation (NYSE:XOM)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axis Wealth Partners LLC boosted its position in shares of Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after acquiring an additional 93 shares in the last quarter. Altus Wealth Group LLC boosted its position in shares of 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 worth $1,090,000 after acquiring an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of 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 worth $99,000 after acquiring an additional 94 shares in the last quarter. WPWealth LLP boosted its position in shares of Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after acquiring an additional 96 shares in the last quarter. Finally, Centurion Wealth Management LLC boosted its position in shares of Exxon Mobil by 1.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.39 during mid-day trading on Wednesday, hitting $113.80. 10,646,001 shares of the company were exchanged, compared to its average volume of 15,768,001. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The business's 50 day simple moving average is $107.48 and its two-hundred day simple moving average is $108.62. The company has a market capitalization of $490.44 billion, a P/E ratio of 15.09, a PEG ratio of 2.14 and a beta of 0.50. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly 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. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 earnings per share. Analysts forecast 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. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on XOM shares. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Mizuho decreased their target price 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. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.55.

Exxon Mobil Company 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.