Centre Asset Management LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Centre Asset Management LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 34,235 shares of the oil and gas company's stock, valued at approximately $4,072,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $36,000. Finally, Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Down 0.6%

NYSE XOM traded down $0.61 on Friday, reaching $102.08. The company had a trading volume of 28,636,718 shares, compared to its average volume of 15,602,445. The stock has a market capitalization of $439.93 billion, a P/E ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51. The company's fifty day moving average is $106.95 and its 200 day moving average is $109.78. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

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, beating analysts' consensus estimates of $1.73 by $0.03. The firm 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%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.88%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.