SFE Investment Counsel Makes New Investment in Exxon Mobil Corporation (NYSE:XOM)

SFE Investment Counsel purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,418 shares of the oil and gas company's stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Exxon Mobil during the 4th quarter valued at $91,000. Financial Engines Advisors L.L.C. grew its stake in Exxon Mobil by 59.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 14,896 shares of the oil and gas company's stock worth $1,602,000 after buying an additional 5,543 shares during the last quarter. Foundation Wealth Management LLC PA purchased a new position in Exxon Mobil during the 4th quarter worth $295,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Exxon Mobil by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,041,759 shares of the oil and gas company's stock valued at $759,524,000 after purchasing an additional 527,002 shares during the last quarter. Finally, Sava Infond d.o.o. purchased a new stake in Exxon Mobil during the 4th quarter valued at about $3,152,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on XOM. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.37 during midday trading on Friday, reaching $110.42. 10,547,065 shares of the stock were exchanged, compared to its average volume of 14,495,533. The business's 50-day moving average price is $108.75 and its 200 day moving average price is $109.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market capitalization of $475.87 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 2.08 and a beta of 0.50.

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, topping 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 firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the company posted $2.06 earnings per share. The business's revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

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.