Lesa Sroufe & Co Makes New Investment in Exxon Mobil Corporation (NYSE:XOM)

Lesa Sroufe & Co purchased a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,310 shares of the oil and gas company's stock, valued at approximately $275,000.

Other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC raised its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after acquiring an additional 93 shares during the last quarter. Altus Wealth Group LLC boosted its stake in shares of Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after acquiring an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares in the last quarter. WPWealth LLP raised its stake in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. boosted its stake in Exxon Mobil by 1.2% during the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock worth $910,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.4%

Shares of XOM stock opened at $114.07 on Wednesday. The company has a 50-day moving average of $105.91 and a two-hundred day moving average of $108.66. The firm has a market cap of $491.58 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.49. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Scotiabank dropped 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. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley cut their target price 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 research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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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