RMR Wealth Builders lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,946 shares of the oil and gas company's stock after acquiring an additional 4,904 shares during the period. RMR Wealth Builders' holdings in Exxon Mobil were worth $4,394,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC boosted its holdings in Exxon Mobil by 7.7% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 136,208 shares of the oil and gas company's stock worth $16,199,000 after buying an additional 9,693 shares during the period. Sky Investment Group LLC raised its stake in Exxon Mobil by 1.0% during the first quarter. Sky Investment Group LLC now owns 84,952 shares of the oil and gas company's stock valued at $10,103,000 after purchasing an additional 870 shares in the last quarter. Liberty Capital Management Inc. lifted its position in Exxon Mobil by 23.6% during the first quarter. Liberty Capital Management Inc. now owns 3,146 shares of the oil and gas company's stock valued at $374,000 after purchasing an additional 600 shares during the last quarter. BTS Asset Management Inc. purchased a new position in shares of Exxon Mobil in the 1st quarter worth $291,000. Finally, Willis Investment Counsel increased its holdings in shares of Exxon Mobil by 0.6% in the 1st quarter. Willis Investment Counsel now owns 210,543 shares of the oil and gas company's stock worth $25,040,000 after buying an additional 1,251 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Morgan Stanley reduced their price objective 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.50.
Check Out Our Latest Analysis on Exxon Mobil
Exxon Mobil Price Performance
NYSE XOM traded up $0.36 during trading hours on Monday, reaching $112.48. The company's stock had a trading volume of 22,183,520 shares, compared to its average volume of 15,719,859. The firm has a market capitalization of $484.73 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 3.02 and a beta of 0.49. The company's 50-day moving average is $105.51 and its two-hundred day moving average is $108.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.
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 firm had revenue of $83.13 billion for 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 firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
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.
Further Reading
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
