HFM Investment Advisors LLC Purchases Shares of 4,101 Exxon Mobil Corporation $XOM

Key Points

• HFM Investment Advisors LLC has acquired 4,101 shares of Exxon Mobil Corporation, valued at approximately $488,000, making it the 13th largest position in their portfolio.
• Exxon Mobil reported earnings per share of $1.64 for the last quarter, beating expectations, but experienced a year-over-year revenue decline of 12.4%.
• The company declared a quarterly dividend of $0.99 per share, representing a 3.6% dividend yield, with the payment date set for September 10th.

HFM Investment Advisors LLC purchased a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,101 shares of the oil and gas company's stock, valued at approximately $488,000. Exxon Mobil accounts for 0.1% of HFM Investment Advisors LLC's holdings, making the stock its 13th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter worth $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil in the 1st quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of 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 buying an additional 238 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 0.7%

NYSE XOM opened at $109.97 on Tuesday. The stock has a market cap of $468.82 billion, a PE ratio of 15.62, a P/E/G ratio of 2.04 and a beta of 0.57. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business has a 50 day moving average price of $110.49 and a two-hundred day moving average price of $109.09. 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 (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company's revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm earned $2.14 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared 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 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wall Street Zen cut Exxon Mobil from a "hold" rating to a "sell" rating in a report on Friday. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. Finally, TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.