Ethic Inc. Buys 13,312 Shares of Exxon Mobil Corporation $XOM

Key Points

• Ethic Inc. increased its holdings in Exxon Mobil by 26.2% during the first quarter, acquiring 13,312 additional shares, bringing their total to 64,043 shares worth approximately $7.62 million.
• Exxon Mobil reported a quarterly EPS of $1.64, surpassing expectations, and had a revenue of $81.51 billion, though this represented a 12.4% decline year-over-year.
• The company declared a quarterly dividend of $0.99 per share, yielding 3.7%, with the payment date set for September 10th.

Ethic Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 26.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 64,043 shares of the oil and gas company's stock after buying an additional 13,312 shares during the period. Ethic Inc.'s holdings in Exxon Mobil were worth $7,624,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the 1st quarter worth $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $32,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in Exxon Mobil in the 1st quarter worth $45,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.8%

Exxon Mobil stock traded up $0.8550 during midday trading on Thursday, reaching $109.3850. The stock had a trading volume of 3,517,459 shares, compared to its average volume of 16,694,990. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a market cap of $466.34 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. The company has a fifty day moving average of $110.27 and a 200 day moving average of $108.87.

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

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. UBS Group boosted their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen cut shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $125.00.

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.