Castlekeep Investment Advisors LLC Makes New $1.11 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Castlekeep Investment Advisors LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,278 shares of the oil and gas company's stock, valued at approximately $1,106,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 4th quarter worth $36,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Piper Sandler reduced their price target on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

NYSE XOM opened at $103.11 on Friday. The company has a market cap of $444.36 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50-day moving average of $108.26 and a two-hundred day moving average of $110.33. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating 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 12.92% and a net margin of 9.63%. Exxon Mobil's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 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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