PVG Asset Management Corp acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,089 shares of the oil and gas company's stock, valued at approximately $332,000. Exxon Mobil accounts for 1.6% of PVG Asset Management Corp's holdings, making the stock its 27th largest holding.
Several other large investors have also bought and sold shares of XOM. Perennial Advisors LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $1,095,000. Vermillion Wealth Management Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $365,000. AlphaCore Capital LLC increased its stake in Exxon Mobil by 2.0% in the fourth quarter. AlphaCore Capital LLC now owns 17,313 shares of the oil and gas company's stock valued at $1,862,000 after purchasing an additional 342 shares in the last quarter. Mackenzie Financial Corp increased its stake in Exxon Mobil by 2.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,054,976 shares of the oil and gas company's stock valued at $328,624,000 after purchasing an additional 75,270 shares in the last quarter. Finally, Forum Financial Management LP increased its position in shares of Exxon Mobil by 11.2% during the fourth quarter. Forum Financial Management LP now owns 87,199 shares of the oil and gas company's stock worth $9,380,000 after acquiring an additional 8,794 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Price Performance
XOM stock traded up $0.45 during mid-day trading on Tuesday, hitting $103.48. The stock had a trading volume of 13,011,033 shares, compared to its average volume of 15,545,595. The firm has a market capitalization of $445.96 billion, a P/E ratio of 13.20, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $108.01 and a 200 day simple moving average of $110.13. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.
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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the firm posted $2.06 EPS. The firm's revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
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 3.83%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.
Wall Street Analyst Weigh In
XOM has been the subject of several research reports. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $125.50.
Check Out Our Latest Stock Analysis on Exxon Mobil
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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