Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Summit X LLC

Summit X LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 104.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,376 shares of the oil and gas company's stock after purchasing an additional 23,734 shares during the quarter. Exxon Mobil comprises about 1.2% of Summit X LLC's portfolio, making the stock its 19th largest holding. Summit X LLC's holdings in Exxon Mobil were worth $5,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mechanics Financial Corp raised its position in Exxon Mobil by 178.7% during the 1st quarter. Mechanics Financial Corp now owns 1,820 shares of the oil and gas company's stock worth $216,000 after buying an additional 1,167 shares during the last quarter. Altman Advisors Inc. raised its position in Exxon Mobil by 1.2% during the 1st quarter. Altman Advisors Inc. now owns 18,931 shares of the oil and gas company's stock worth $2,251,000 after buying an additional 225 shares during the last quarter. Cable Hill Partners LLC raised its position in Exxon Mobil by 1.7% during the 1st quarter. Cable Hill Partners LLC now owns 13,722 shares of the oil and gas company's stock worth $1,632,000 after buying an additional 224 shares during the last quarter. Guardian Wealth Advisors LLC raised its position in Exxon Mobil by 4.5% during the 1st quarter. Guardian Wealth Advisors LLC now owns 7,218 shares of the oil and gas company's stock worth $858,000 after buying an additional 310 shares during the last quarter. Finally, DDD Partners LLC raised its position in Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after buying an additional 96 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $3.79 during trading on Friday, reaching $107.87. The company had a trading volume of 32,323,515 shares, compared to its average volume of 15,850,465. The firm's 50-day simple moving average is $108.65 and its 200 day simple moving average is $108.96. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market capitalization of $464.88 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Exxon Mobil Company Profile

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.