Sunbeam Capital Management LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Sunbeam Capital Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,781 shares of the oil and gas company's stock, valued at approximately $2,020,000. Exxon Mobil accounts for approximately 1.9% of Sunbeam Capital Management LLC's portfolio, making the stock its 11th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Tallon Kerry Patrick purchased a new stake in Exxon Mobil in the 4th quarter valued at $789,000. XML Financial LLC grew its holdings in Exxon Mobil by 1.2% in the 4th quarter. XML Financial LLC now owns 48,284 shares of the oil and gas company's stock valued at $5,194,000 after buying an additional 592 shares in the last quarter. Eads & Heald Wealth Management grew its holdings in Exxon Mobil by 0.8% in the 4th quarter. Eads & Heald Wealth Management now owns 16,747 shares of the oil and gas company's stock valued at $1,802,000 after buying an additional 127 shares in the last quarter. Missouri Trust & Investment Co grew its holdings in Exxon Mobil by 16.8% in the 4th quarter. Missouri Trust & Investment Co now owns 2,313 shares of the oil and gas company's stock valued at $249,000 after buying an additional 332 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its stake in shares of Exxon Mobil by 7.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 2,659 shares of the oil and gas company's stock valued at $285,000 after purchasing an additional 188 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM traded up $0.18 on Thursday, reaching $102.29. The stock had a trading volume of 6,886,641 shares, compared to its average volume of 16,410,898. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The business's 50-day moving average price is $107.50 and its 200 day moving average price is $110.02. The stock has a market cap of $440.81 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

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 for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the business earned $2.06 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XOM shares. The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. BMO Capital Markets decreased their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. HSBC decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $125.50.

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.