Park Capital Management LLC WI Buys New Shares in Exxon Mobil Corporation (NYSE:XOM)

Park Capital Management LLC WI bought a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,376 shares of the oil and gas company's stock, valued at approximately $283,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new position in shares of Exxon Mobil in the fourth quarter valued at $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the fourth quarter valued at $48,348,000. SOA Wealth Advisors LLC. increased its holdings in shares of Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after buying an additional 1,595 shares in the last quarter. Compass Capital Corp MA ADV bought a new position in shares of Exxon Mobil in the fourth quarter valued at $2,877,000. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of Exxon Mobil by 21.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 68,469 shares of the oil and gas company's stock valued at $7,365,000 after buying an additional 12,133 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.5%

Shares of NYSE XOM traded down $0.59 during mid-day trading on Friday, reaching $109.40. The company had a trading volume of 21,995,457 shares, compared to its average volume of 15,722,717. 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 $471.49 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.49. The stock's 50 day moving average is $107.04 and its 200-day moving average is $108.48.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. 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 company posted $2.06 earnings per share. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, eleven 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.10.

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.