Neo Ivy Capital Management Invests $7.28 Million in Exxon Mobil Co. (NYSE:XOM)

Neo Ivy Capital Management acquired a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,701 shares of the oil and gas company's stock, valued at approximately $7,282,000. Exxon Mobil makes up about 1.5% of Neo Ivy Capital Management's investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $36,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.7%

NYSE XOM opened at $102.97 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a 50-day simple moving average of $108.47 and a 200 day simple moving average of $110.51. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market cap of $443.76 billion, a PE ratio of 13.13, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. UBS Group dropped their price target on 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. Finally, BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued 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 a consensus target price 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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.