Kure Advisory LLC Acquires New Shares in Exxon Mobil Co. (NYSE:XOM)

Kure Advisory LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,742 shares of the oil and gas company's stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tallon Kerry Patrick purchased a new stake in Exxon Mobil during the 4th quarter valued at about $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $48,348,000. Lewis Asset Management LLC increased its stake in shares of Exxon Mobil by 3.1% in the fourth quarter. Lewis Asset Management LLC now owns 3,715 shares of the oil and gas company's stock worth $400,000 after buying an additional 112 shares during the period. Crews Bank & Trust bought a new stake in Exxon Mobil during the 4th quarter valued at $1,394,000. Finally, Gilbert & Cook Inc. boosted its position in Exxon Mobil by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 23,147 shares of the oil and gas company's stock valued at $2,490,000 after buying an additional 328 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.5%

Shares of XOM traded down $0.51 during mid-day trading on Thursday, reaching $101.79. The company had a trading volume of 13,830,883 shares, compared to its average volume of 15,532,319. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $438.67 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The firm has a 50-day moving average price of $106.06 and a 200 day moving average price of $109.42. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the company posted $2.06 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 annualized dividend and a yield of 3.89%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.