Longfellow Investment Management Co. LLC Buys 4,208 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Longfellow Investment Management Co. LLC increased its holdings in Exxon Mobil by 30.8%, acquiring an additional 4,208 shares during the first quarter, making it the company's 26th largest position in their portfolio.
• Exxon Mobil recently reported $1.64 EPS, surpassing the consensus estimate of $1.47, despite a 12.4% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.99 per share, payable on September 10th, representing an annual yield of 3.7%.

Longfellow Investment Management Co. LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 30.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,868 shares of the oil and gas company's stock after purchasing an additional 4,208 shares during the period. Exxon Mobil comprises about 0.5% of Longfellow Investment Management Co. LLC's investment portfolio, making the stock its 26th biggest holding. Longfellow Investment Management Co. LLC's holdings in Exxon Mobil were worth $2,125,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XOM. Sagespring Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $4,935,000. Entruity Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $1,998,000. WealthTrust Axiom LLC grew its holdings in shares of Exxon Mobil by 4.3% during the fourth quarter. WealthTrust Axiom LLC now owns 16,176 shares of the oil and gas company's stock valued at $1,740,000 after purchasing an additional 672 shares during the last quarter. Virtus Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $286,000. Finally, TT Capital Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $318,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Stock Performance

XOM stock traded up $0.27 during midday trading on Tuesday, hitting $106.10. 14,104,424 shares of the company traded hands, compared to its average volume of 15,610,114. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market capitalization of $452.33 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. 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 business has a 50 day simple moving average of $109.99 and a 200-day simple moving average of $108.92.

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

Exxon Mobil Announces Dividend

The firm 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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

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.