Davis R M Inc. Increases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Davis R M Inc. increased its stock position in Exxon Mobil by 5.6% during the first quarter, bringing its total holdings to 445,354 shares valued at approximately $52.97 million.
• Exxon Mobil reported earnings of $1.76 EPS for the recent quarter, exceeding expectations, while revenue was slightly below forecasts at $83.13 billion.
• The company announced a quarterly dividend of $0.99, resulting in an annualized dividend yield of 3.54% and a payout ratio of 52.52%.

Davis R M Inc. increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,354 shares of the oil and gas company's stock after acquiring an additional 23,632 shares during the quarter. Exxon Mobil comprises 1.1% of Davis R M Inc.'s holdings, making the stock its 29th biggest position. Davis R M Inc.'s holdings in Exxon Mobil were worth $52,966,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $45,000. Finally, Clarity Asset Management Inc. raised its position in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM opened at $112.02 on Thursday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $482.77 billion, a PE ratio of 14.86, a P/E/G ratio of 2.12 and a beta of 0.50. The firm has a 50-day simple moving average of $109.17 and a two-hundred day simple moving average of $109.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Barclays reiterated 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 shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.42.

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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