Narwhal Capital Management Boosts Holdings in Exxon Mobil Corporation (NYSE:XOM)

Narwhal Capital Management grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,262 shares of the oil and gas company's stock after purchasing an additional 13,411 shares during the period. Exxon Mobil makes up approximately 1.0% of Narwhal Capital Management's investment portfolio, making the stock its 28th biggest position. Narwhal Capital Management's holdings in Exxon Mobil were worth $10,854,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. Quantinno Capital Management LP increased its holdings in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $55,000. Legacy Trust lifted its stake in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 997 shares during the last quarter. Renasant Bank boosted its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV increased its position in shares of Exxon Mobil by 1.6% during the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after purchasing an additional 227 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 2.9%

NYSE:XOM opened at $108.45 on Wednesday. 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 firm has a 50-day simple moving average of $106.83 and a 200-day simple moving average of $108.54. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm has a market cap of $467.39 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.24 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company 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%. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Mizuho lowered 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 reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.50.

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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