City Center Advisors LLC Buys 2,648 Shares of Exxon Mobil Co. (NYSE:XOM)

City Center Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 106.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,141 shares of the oil and gas company's stock after acquiring an additional 2,648 shares during the period. Exxon Mobil accounts for approximately 0.7% of City Center Advisors LLC's holdings, making the stock its 28th biggest holding. City Center Advisors LLC's holdings in Exxon Mobil were worth $611,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new stake in Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM opened at $104.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.49. The company's 50-day simple moving average is $105.42 and its two-hundred day simple moving average is $109.11. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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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