Exxon Mobil Co. (NYSE:XOM) Stake Boosted by Tang Capital Management LLC

Tang Capital Management LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 57.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,053 shares of the oil and gas company's stock after purchasing an additional 4,049 shares during the period. Tang Capital Management LLC's holdings in Exxon Mobil were worth $1,189,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XOM. IFS Advisors LLC lifted its position in shares of Exxon Mobil by 1,571.6% during the 4th quarter. IFS Advisors LLC now owns 2,357 shares of the oil and gas company's stock worth $254,000 after purchasing an additional 2,216 shares during the last quarter. BFI Infinity Ltd. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $3,639,000. Sanders Morris Harris LLC lifted its position in shares of Exxon Mobil by 4.1% during the 4th quarter. Sanders Morris Harris LLC now owns 51,102 shares of the oil and gas company's stock worth $5,452,000 after purchasing an additional 2,034 shares during the last quarter. Tallon Kerry Patrick purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $789,000. Finally, Ritholtz Wealth Management lifted its position in shares of Exxon Mobil by 0.3% during the 4th quarter. Ritholtz Wealth Management now owns 69,863 shares of the oil and gas company's stock worth $7,515,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 1.7%

XOM stock traded down $1.79 during mid-day trading on Monday, hitting $106.40. 16,792,410 shares of the company were exchanged, compared to its average volume of 15,563,397. The company has a market capitalization of $458.55 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a fifty day simple moving average of $108.92 and a 200 day simple moving average of $110.71.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly 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 analysts' expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. The Goldman Sachs Group reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.50.

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.