Dale Q Rice Investment Management Ltd Takes Position in Exxon Mobil Corporation (NYSE:XOM)

Dale Q Rice Investment Management Ltd purchased a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,020 shares of the oil and gas company's stock, valued at approximately $359,000.

A number of other institutional investors also recently modified their holdings of XOM. Altus Wealth Group LLC boosted its stake in shares of Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after purchasing an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after purchasing an additional 94 shares in the last quarter. WPWealth LLP boosted its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares in the last quarter. Financial Management Network Inc. boosted its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock valued at $910,000 after purchasing an additional 97 shares in the last quarter. Finally, Centurion Wealth Management LLC boosted its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock valued at $944,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.4%

NYSE:XOM opened at $114.81 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $106.56 and a two-hundred day moving average price of $108.60. The company has a market cap of $494.77 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 12.06% and a net margin of 9.49%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Mizuho reduced their price target on shares of 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, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average 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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