MGO One Seven LLC Buys 7,576 Shares of Exxon Mobil Corporation (NYSE:XOM)

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MGO One Seven LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,105 shares of the oil and gas company's stock after purchasing an additional 7,576 shares during the quarter. MGO One Seven LLC's holdings in Exxon Mobil were worth $13,689,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cordatus Wealth Management LLC lifted its holdings in Exxon Mobil by 4.2% in the first quarter. Cordatus Wealth Management LLC now owns 7,751 shares of the oil and gas company's stock valued at $922,000 after buying an additional 313 shares during the period. Hoxton Planning & Management LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $958,000. RVW Wealth LLC grew its holdings in shares of Exxon Mobil by 56.9% in the 1st quarter. RVW Wealth LLC now owns 8,343 shares of the oil and gas company's stock valued at $992,000 after buying an additional 3,026 shares during the period. Davis R M Inc. grew its holdings in shares of Exxon Mobil by 5.6% in the 1st quarter. Davis R M Inc. now owns 445,354 shares of the oil and gas company's stock valued at $52,966,000 after buying an additional 23,632 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Exxon Mobil by 28.4% in the 1st quarter. Natixis Advisors LLC now owns 3,542,857 shares of the oil and gas company's stock valued at $421,353,000 after buying an additional 783,539 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.8%

Exxon Mobil stock opened at $112.02 on Thursday. The stock has a fifty day moving average of $109.17 and a 200 day moving average of $109.13. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market cap of $482.77 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XOM shares. TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.42.

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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