Firestone Capital Management Purchases 4,049 Shares of Exxon Mobil Corporation (NYSE:XOM)

Firestone Capital Management increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 21.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,053 shares of the oil and gas company's stock after buying an additional 4,049 shares during the quarter. Exxon Mobil accounts for about 0.7% of Firestone Capital Management's investment portfolio, making the stock its 29th largest position. Firestone Capital Management's holdings in Exxon Mobil were worth $2,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 10Elms LLP bought a new position in Exxon Mobil in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil during the first quarter worth approximately $45,000. Clarity Asset Management Inc. raised its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $51,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. 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 note on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Stock Down 0.6%

Shares of XOM traded down $0.66 during mid-day trading on Wednesday, hitting $112.26. 11,157,659 shares of the company's stock were exchanged, compared to its average volume of 15,777,621. The company has a market cap of $483.78 billion, a PE ratio of 14.89, a P/E/G ratio of 2.18 and a beta of 0.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a 50-day simple moving average of $108.39 and a 200 day simple moving average of $108.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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.