Sweeney & Michel LLC Makes New $498,000 Investment in Exxon Mobil Co. (NYSE:XOM)

Sweeney & Michel LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,185 shares of the oil and gas company's stock, valued at approximately $498,000.

A number of other institutional investors have also made changes to their positions in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc acquired a new position in Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group dropped 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. Finally, Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $1.47 during trading on Wednesday, hitting $102.33. 15,539,542 shares of the company were exchanged, compared to its average volume of 15,554,105. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market capitalization of $441.01 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $106.37 and its 200-day moving average is $109.47.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the company earned $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend yield of 3.87%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 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.