Stonegate Investment Group LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,033,185 shares of the oil and gas company's stock after buying an additional 9,382 shares during the quarter. Exxon Mobil makes up 3.3% of Stonegate Investment Group LLC's investment portfolio, making the stock its 8th largest position. Stonegate Investment Group LLC's holdings in Exxon Mobil were worth $122,877,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Trading Up 1.4%
NYSE XOM opened at $114.81 on Friday. The company's fifty day simple moving average is $106.56 and its 200-day simple moving average is $108.60. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market cap of $494.77 billion, a P/E ratio of 15.23, a PEG ratio of 2.29 and a beta of 0.49.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the company posted $2.06 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil's payout ratio is currently 52.52%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on XOM. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Get Our Latest Stock 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.
Further Reading
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