PFG Investments LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,513 shares of the oil and gas company's stock after acquiring an additional 2,510 shares during the quarter. Exxon Mobil comprises about 1.1% of PFG Investments LLC's investment portfolio, making the stock its 10th biggest holding. PFG Investments LLC's holdings in Exxon Mobil were worth $17,544,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dale Q Rice Investment Management Ltd acquired a new position in Exxon Mobil during the first quarter worth about $359,000. Jamison Private Wealth Management Inc. boosted its position in shares of Exxon Mobil by 2.0% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 52,700 shares of the oil and gas company's stock valued at $6,268,000 after purchasing an additional 1,056 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of Exxon Mobil by 7.0% in the 1st quarter. Dupont Capital Management Corp now owns 84,463 shares of the oil and gas company's stock worth $10,045,000 after purchasing an additional 5,506 shares during the last quarter. Rockline Wealth Management LLC raised its holdings in shares of Exxon Mobil by 3.7% in the 1st quarter. Rockline Wealth Management LLC now owns 26,869 shares of the oil and gas company's stock worth $3,196,000 after purchasing an additional 951 shares in the last quarter. Finally, Carr Financial Group Corp acquired a new stake in Exxon Mobil during the first quarter valued at approximately $240,000. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Up 0.1%
Shares of XOM stock traded up $0.07 during trading on Wednesday, hitting $108.41. 17,467,612 shares of the company were exchanged, compared to its average volume of 15,726,822. The business's 50-day simple moving average is $106.83 and its 200 day simple moving average is $108.54. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market capitalization of $467.21 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 2.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.
Read Our Latest Stock Report on XOM
About Exxon Mobil
(
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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