AlphaCore Capital LLC Raises Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• AlphaCore Capital LLC increased its holdings in Exxon Mobil by 52.5% during the first quarter, meaning they now own 26,409 shares worth approximately $3.14 million.
• Exxon Mobil's annual dividend of $0.99 will be paid on September 10th, representing a 3.7% yield based on current stock prices.
• The company reported earnings of $1.64 per share for the last quarter, surpassing analyst expectations, although revenue fell 12.4% year-over-year.

AlphaCore Capital LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,409 shares of the oil and gas company's stock after purchasing an additional 9,096 shares during the quarter. AlphaCore Capital LLC's holdings in Exxon Mobil were worth $3,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp boosted 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 worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after acquiring an additional 1,340,343 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after acquiring an additional 512,860 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after acquiring an additional 909,386 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.8%

Shares of NYSE:XOM traded up $0.84 during trading on Friday, hitting $106.79. The stock had a trading volume of 14,412,764 shares, compared to its average volume of 15,455,899. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $455.27 billion, a PE ratio of 15.17, a PEG ratio of 2.01 and a beta of 0.53. The firm's fifty day moving average is $109.89 and its 200 day moving average is $108.97. Exxon Mobil Corporation 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, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.14 EPS. Analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $125.26.

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.