Davis Investment Partners LLC increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,527 shares of the oil and gas company's stock after purchasing an additional 4,967 shares during the quarter. Exxon Mobil makes up approximately 1.8% of Davis Investment Partners LLC's portfolio, making the stock its 9th biggest holding. Davis Investment Partners LLC's holdings in Exxon Mobil were worth $4,106,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in XOM. 10Elms LLP bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Clarity Asset Management Inc. lifted its stake in 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 worth $47,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Trading Up 2.1%
Shares of XOM stock traded up $2.33 on Friday, hitting $112.06. 28,512,903 shares of the company's stock traded hands, compared to its average volume of 15,687,104. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The stock has a market capitalization of $482.95 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. The company's fifty day simple moving average is $105.28 and its 200 day simple moving average is $108.82.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. 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 earned $2.06 earnings per share. Equities analysts forecast 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 was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.
Analysts Set New Price Targets
XOM has been the subject of several analyst reports. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.
Check Out Our Latest Report on XOM
Exxon Mobil Company Profile
(
Free Report)
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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