Denver PWM LLC Has $1.05 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Denver PWM LLC significantly increased its holdings in Exxon Mobil by 762.9% in the first quarter, bringing the total value of its shares to $1,050,000.
• Exxon Mobil's stock received a consensus rating of "Moderate Buy" with a price target averaging $125.42 from multiple analysts, indicating positive growth expectations.
• The company recently declared a quarterly dividend of $0.99, leading to an annualized yield of 3.57% with a dividend payout ratio of 52.52%.

Denver PWM LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 762.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,827 shares of the oil and gas company's stock after acquiring an additional 7,804 shares during the quarter. Denver PWM LLC's holdings in Exxon Mobil were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Murphy & Mullick Capital Management Corp bought a new stake in Exxon Mobil during the fourth quarter valued at about $91,000. Financial Engines Advisors L.L.C. lifted its stake in shares of Exxon Mobil by 59.3% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 14,896 shares of the oil and gas company's stock valued at $1,602,000 after buying an additional 5,543 shares during the period. Foundation Wealth Management LLC PA bought a new position in Exxon Mobil during the fourth quarter worth about $295,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Exxon Mobil by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,041,759 shares of the oil and gas company's stock worth $759,524,000 after purchasing an additional 527,002 shares during the period. Finally, Sava Infond d.o.o. bought a new position in Exxon Mobil during the fourth quarter worth about $3,152,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Finally, Barclays reaffirmed 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, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.42.

Exxon Mobil Stock Up 0.9%

Exxon Mobil stock opened at $110.87 on Friday. The firm has a market capitalization of $477.80 billion, a PE ratio of 14.70, a P/E/G ratio of 2.04 and a beta of 0.50. The company's 50-day moving average is $108.70 and its 200-day moving average is $109.01. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. 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 released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping 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 company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business 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. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil's dividend payout ratio (DPR) is currently 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.

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