Koss Olinger Consulting LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,793 shares of the oil and gas company's stock, valued at approximately $1,046,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC acquired a new position in Exxon Mobil during the first quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. increased its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Wall Street Analyst Weigh In
XOM has been the topic of several research analyst reports. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Morgan Stanley boosted their target price 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 issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $125.26.
Read Our Latest Stock Report on Exxon Mobil
Exxon Mobil Price Performance
XOM traded up $0.27 during trading on Tuesday, reaching $106.10. 14,104,424 shares of the stock were exchanged, compared to its average volume of 16,789,721. The business's 50 day moving average price is $109.94 and its two-hundred day moving average price is $108.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market capitalization of $452.33 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the business earned $2.14 earnings per share. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.
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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