Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Taylor Hoffman Capital Management LLC

Key Points

• Taylor Hoffman Capital Management LLC increased its stake in Exxon Mobil by 25.8%, acquiring an additional 2,900 shares, resulting in a total of 14,137 shares valued at approximately $1.68 million.
• Exxon Mobil reported earnings of $1.64 EPS for the recent quarter, exceeding the estimated $1.47, although revenue fell by 12.4% year-over-year to $81.51 billion.
• The company declared a quarterly dividend of $0.99 per share, with an annualized yield of 3.7% and a payout ratio of 56.25%.

Taylor Hoffman Capital Management LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 25.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,137 shares of the oil and gas company's stock after acquiring an additional 2,900 shares during the period. Taylor Hoffman Capital Management LLC's holdings in Exxon Mobil were worth $1,683,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XOM. Nuveen LLC acquired a new stake in Exxon Mobil in the 1st quarter worth about $2,730,414,000. GAMMA Investing LLC boosted its stake in Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Northern Trust Corp boosted its stake in 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 buying an additional 2,998,892 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Exxon Mobil in the 4th quarter worth about $240,653,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Exxon Mobil by 8.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock worth $2,409,106,000 after buying an additional 1,550,248 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $105.87 on Tuesday. The company has a market cap of $451.35 billion, a P/E ratio of 15.04, a PEG ratio of 2.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The business's 50-day simple moving average is $109.94 and its 200 day simple moving average is $108.94.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the business posted $2.14 EPS. The company's revenue was down 12.4% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Mizuho cut 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. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $125.26.

Exxon Mobil 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.

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