State of Wyoming Grows Stake in Exxon Mobil Co. (NYSE:XOM)

State of Wyoming raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 93.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,735 shares of the oil and gas company's stock after purchasing an additional 4,212 shares during the quarter. State of Wyoming's holdings in Exxon Mobil were worth $940,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in XOM. IFS Advisors LLC boosted its stake in Exxon Mobil by 1,571.6% in the fourth quarter. IFS Advisors LLC now owns 2,357 shares of the oil and gas company's stock valued at $254,000 after acquiring an additional 2,216 shares during the period. BFI Infinity Ltd. acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $3,639,000. Sanders Morris Harris LLC boosted its stake in Exxon Mobil by 4.1% in the fourth quarter. Sanders Morris Harris LLC now owns 51,102 shares of the oil and gas company's stock valued at $5,452,000 after acquiring an additional 2,034 shares during the period. Tallon Kerry Patrick acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $789,000. Finally, Ritholtz Wealth Management boosted its stake in Exxon Mobil by 0.3% in the fourth quarter. Ritholtz Wealth Management now owns 69,863 shares of the oil and gas company's stock valued at $7,515,000 after acquiring an additional 207 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Mizuho decreased 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. Barclays reduced their price objective on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

XOM opened at $108.13 on Friday. The company has a market capitalization of $466.01 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. 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. The business has a 50 day moving average price of $108.98 and a two-hundred day moving average price of $110.81.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 earnings per share. Research analysts predict 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. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

About Exxon Mobil

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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