GHP Investment Advisors Inc. Raises Position in Exxon Mobil Corporation (NYSE:XOM)

GHP Investment Advisors Inc. grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,224 shares of the oil and gas company's stock after purchasing an additional 2,709 shares during the period. GHP Investment Advisors Inc.'s holdings in Exxon Mobil were worth $7,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Quantinno Capital Management LP raised its stake in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after acquiring an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter worth $55,000. Legacy Trust raised its stake in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares during the last quarter. Renasant Bank raised its stake in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV raised its stake in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on XOM shares. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Trading Down 2.9%

XOM stock opened at $108.45 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $467.39 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.24 and a beta of 0.49. The business's 50-day moving average is $106.83 and its 200 day moving average is $108.54.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, May 15th. 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.

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