Everstar Asset Management LLC Acquires 5,307 Shares of Exxon Mobil Corporation $XOM

Key Points

• Everstar Asset Management LLC increased its holdings in Exxon Mobil Corporation by 125.8% in Q1, now owning 9,525 shares valued at approximately $1.13 million.
• Analysts have mixed opinions on Exxon Mobil, with a consensus rating of "Hold" and a price target of $125.00, while some have issued a "Sell" rating.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, yielding 3.6% with a dividend payout ratio of 56.25%.

Everstar Asset Management LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 125.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,525 shares of the oil and gas company's stock after buying an additional 5,307 shares during the period. Everstar Asset Management LLC's holdings in Exxon Mobil were worth $1,133,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter valued at about $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the first quarter valued at about $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $32,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XOM. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group raised their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Bank of America raised their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $124.81.

Exxon Mobil Stock Performance

XOM stock traded down $0.08 during trading on Thursday, reaching $112.42. 4,401,028 shares of the stock were exchanged, compared to its average volume of 16,527,000. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market capitalization of $479.27 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The stock has a 50 day simple moving average of $110.55 and a 200-day simple moving average of $109.13. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the business earned $2.14 earnings per share. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

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.