Mullooly Asset Management Inc. Makes New $466,000 Investment in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Mullooly Asset Management Inc. invested $466,000 in Exxon Mobil Corporation by acquiring 3,922 shares in the first quarter, highlighting the firm's continued interest in the oil and gas sector.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, exceeding estimates, despite a 12.4% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.99 per share, representing an annualized dividend of $3.96 and a yield of 3.6% for its investors.

Mullooly Asset Management Inc. acquired 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 Securities & Exchange Commission. The fund acquired 3,922 shares of the oil and gas company's stock, valued at approximately $466,000.

A number of other institutional investors also recently bought and sold shares of XOM. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $29,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil in the 1st quarter worth $45,000. Finally, Clarity Asset Management Inc. lifted its position 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 in the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $2.03 during mid-day trading on Friday, reaching $109.61. 19,647,904 shares of the company's stock traded hands, compared to its average volume of 14,938,472. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $109.48 and a two-hundred day moving average of $109.11. The company has a market cap of $472.38 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.06 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.14 EPS. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's payout ratio is presently 56.25%.

About Exxon Mobil

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.