Sterling Financial Planning Inc. Raises Stake in Exxon Mobil Corporation (NYSE:XOM)

Sterling Financial Planning Inc. lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 53.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,355 shares of the oil and gas company's stock after acquiring an additional 4,642 shares during the quarter. Sterling Financial Planning Inc.'s holdings in Exxon Mobil were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $32,000. Clarity Asset Management Inc. grew 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 purchasing an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $51,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on XOM. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, UBS Group reduced their price target 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $125.55.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $2.82 during trading on Tuesday, reaching $113.93. 8,464,860 shares of the stock traded hands, compared to its average volume of 15,742,437. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The company has a 50-day moving average of $107.37 and a 200-day moving average of $108.58. The stock has a market capitalization of $491.00 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 EPS. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.48%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Exxon Mobil 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.