Montis Financial LLC Acquires 3,085 Shares of Exxon Mobil Corporation (NYSE:XOM)

Montis Financial LLC grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 92.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,433 shares of the oil and gas company's stock after buying an additional 3,085 shares during the period. Montis Financial LLC's holdings in Exxon Mobil were worth $765,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. 10Elms LLP bought a new stake in Exxon Mobil in the fourth quarter valued at about $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the first quarter valued at about $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at about $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the first quarter valued at about $45,000. Finally, Clarity Asset Management Inc. increased its holdings in Exxon Mobil by 29.7% in 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 last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 3.4%

NYSE XOM traded down $3.79 during trading hours on Friday, hitting $107.87. 32,323,515 shares of the company traded hands, compared to its average volume of 15,861,809. The business's 50-day moving average is $108.65 and its 200-day moving average is $108.96. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month 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 capitalization of $464.88 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.08 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 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 firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the prior year, the firm posted $2.06 earnings per share. The business's quarterly revenue was up .1% compared to the same quarter last year. Sell-side 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 was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.67%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil 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.