IronOak Wealth LLC. bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,092 shares of the oil and gas company's stock, valued at approximately $1,516,000. Exxon Mobil accounts for about 1.7% of IronOak Wealth LLC.'s portfolio, making the stock its 22nd largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $36,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.
View Our Latest Analysis on XOM
Exxon Mobil Trading Up 0.1%
Shares of NYSE:XOM opened at $103.11 on Tuesday. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company's 50 day moving average is $108.01 and its two-hundred day moving average is $110.13. The company has a market cap of $444.36 billion, a PE ratio of 13.15, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the firm posted $2.06 earnings per share. The company's revenue was up .1% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil's payout ratio is currently 52.52%.
About Exxon Mobil
(
Free Report)
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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