Petredis Investment Advisors LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1,767.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,022 shares of the oil and gas company's stock after buying an additional 57,754 shares during the quarter. Exxon Mobil makes up about 0.8% of Petredis Investment Advisors LLC's portfolio, making the stock its 28th biggest position. Petredis Investment Advisors LLC's holdings in Exxon Mobil were worth $7,257,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $6,936,737,000. Northern Trust Corp lifted its holdings in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Price Performance
Shares of XOM stock traded up $0.40 during trading hours on Thursday, reaching $109.71. The company had a trading volume of 17,447,260 shares, compared to its average volume of 15,625,472. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $105.28 and a 200-day moving average of $108.82. The company has a market capitalization of $472.81 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on XOM. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Scotiabank reduced their price target 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.
View Our Latest Analysis 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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