Exxon Mobil Corporation (NYSE:XOM) Stake Lifted by Rossby Financial LCC

Rossby Financial LCC lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 50.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,998 shares of the oil and gas company's stock after purchasing an additional 3,019 shares during the quarter. Rossby Financial LCC's holdings in Exxon Mobil were worth $977,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Altus Wealth Group LLC increased its stake in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after acquiring an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after acquiring an additional 94 shares during the last quarter. WPWealth LLP increased its stake in Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after acquiring an additional 96 shares during the last quarter. Centurion Wealth Management LLC increased its stake in Exxon Mobil by 1.1% during the fourth quarter. Centurion Wealth Management LLC now owns 8,777 shares of the oil and gas company's stock worth $944,000 after acquiring an additional 97 shares during the last quarter. Finally, Clarity Asset Management Inc. increased its stake in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.0%

XOM stock traded up $1.10 during midday trading on Friday, hitting $112.15. 11,223,580 shares of the company's stock were exchanged, compared to its average volume of 15,771,659. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $483.33 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. The firm has a 50 day moving average price of $107.32 and a 200-day moving average price of $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued 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 dividend yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XOM shares. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group lowered their target price 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. Finally, Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $125.40.

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.