Udine Wealth Management Inc. Purchases 2,664 Shares of Exxon Mobil Co. (NYSE:XOM)

Udine Wealth Management Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,968 shares of the oil and gas company's stock after acquiring an additional 2,664 shares during the period. Exxon Mobil comprises 1.6% of Udine Wealth Management Inc.'s holdings, making the stock its 16th largest holding. Udine Wealth Management Inc.'s holdings in Exxon Mobil were worth $2,375,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $6,936,737,000. Northern Trust Corp grew its holdings in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp increased its position in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on XOM shares. Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $104.29 on Friday. The business has a 50-day moving average price of $105.42 and a two-hundred day moving average price of $109.19. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $449.45 billion, a P/E ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $2.06 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Thursday, May 15th. 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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