Lokken Investment Group LLC Purchases 9,375 Shares of Exxon Mobil Corporation (NYSE:XOM)

Lokken Investment Group LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 67.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,189 shares of the oil and gas company's stock after acquiring an additional 9,375 shares during the quarter. Exxon Mobil accounts for about 1.2% of Lokken Investment Group LLC's holdings, making the stock its 21st largest position. Lokken Investment Group LLC's holdings in Exxon Mobil were worth $2,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil during the first quarter valued at $45,000. Clarity Asset Management Inc. grew its holdings 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 valued at $47,000 after purchasing an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. bought a new position in Exxon Mobil during the fourth quarter valued at $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XOM. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. UBS Group cut 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. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Trading Down 1.2%

Shares of NYSE XOM opened at $114.05 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The stock has a market cap of $491.52 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The firm has a 50-day moving average of $108.23 and a 200 day moving average of $108.86. 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 released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the firm posted $2.06 EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

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.

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