PVG Asset Management Corp Acquires New Stake in Exxon Mobil Co. (NYSE:XOM)

PVG Asset Management Corp bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,089 shares of the oil and gas company's stock, valued at approximately $332,000. Exxon Mobil comprises approximately 1.6% of PVG Asset Management Corp's investment portfolio, making the stock its 27th biggest position.

Several other large investors have also recently bought and sold shares of the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.2%

Shares of NYSE:XOM traded up $0.17 during trading on Thursday, hitting $102.28. The stock had a trading volume of 6,784,514 shares, compared to its average volume of 15,513,022. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market capitalization of $440.79 billion, a PE ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. The firm's fifty day moving average is $107.50 and its 200 day moving average is $110.02. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. The business's revenue was up .1% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. UBS Group reduced their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler reiterated a "hold" rating on shares of Exxon Mobil in a report on Wednesday. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Morgan Stanley reduced their price target 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. Finally, HSBC cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

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.