Strong Tower Advisory Services boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,276 shares of the oil and gas company's stock after acquiring an additional 7,972 shares during the period. Exxon Mobil comprises about 1.7% of Strong Tower Advisory Services' portfolio, making the stock its 18th largest position. Strong Tower Advisory Services' holdings in Exxon Mobil were worth $7,288,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. McNaughton Wealth Management LLC purchased a new position in shares of Exxon Mobil in the first quarter worth about $207,000. Sweeney & Michel LLC acquired a new stake in Exxon Mobil during the first quarter valued at $498,000. NBC Securities Inc. grew its position in shares of Exxon Mobil by 105,227.9% during the 1st quarter. NBC Securities Inc. now owns 45,291 shares of the oil and gas company's stock valued at $5,386,000 after acquiring an additional 45,248 shares during the period. Baker Tilly Wealth Management LLC increased its position in shares of Exxon Mobil by 23.1% in the first quarter. Baker Tilly Wealth Management LLC now owns 14,004 shares of the oil and gas company's stock valued at $1,665,000 after buying an additional 2,624 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in Exxon Mobil by 1.2% during the first quarter. Douglas Lane & Associates LLC now owns 466,694 shares of the oil and gas company's stock worth $55,504,000 after acquiring an additional 5,502 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.
Check Out Our Latest Stock Analysis on XOM
Exxon Mobil Stock Performance
Shares of XOM traded down $1.47 during mid-day trading on Wednesday, reaching $102.33. 15,539,542 shares of the company's stock were exchanged, compared to its average volume of 15,554,105. The business's fifty day simple moving average is $106.37 and its 200-day simple moving average is $109.47. The stock has a market capitalization of $441.01 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.
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 (EPS) for the quarter, topping the consensus estimate 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%. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted $2.06 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.
About Exxon Mobil
(
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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