Perennial Advisors LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,184 shares of the oil and gas company's stock, valued at approximately $1,095,000.
A number of other institutional investors have also recently added to or reduced their stakes in XOM. Beacon Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after buying an additional 93 shares during the last quarter. Altus Wealth Group LLC boosted its position in Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after buying an additional 94 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after acquiring an additional 94 shares in the last quarter. Field & Main Bank boosted its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company's stock valued at $2,527,000 after buying an additional 95 shares during the period. Finally, WPWealth LLP raised its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday. The Goldman Sachs Group dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Mizuho dropped their price target 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. Finally, Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.50.
View Our Latest Research Report on Exxon Mobil
Exxon Mobil Stock Up 0.1%
XOM stock traded up $0.14 during midday trading on Monday, reaching $103.11. The company had a trading volume of 12,055,860 shares, compared to its average volume of 15,555,647. The company has a 50 day moving average of $108.26 and a two-hundred day moving average of $110.25. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market capitalization of $444.36 billion, a P/E ratio of 13.15, a PEG ratio of 3.02 and a beta of 0.51.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company 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 business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.
Exxon Mobil Company Profile
(
Free Report)
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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