Vantage Financial Partners LLC Purchases Shares of 2,985 Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Vantage Financial Partners LLC has acquired a new stake in Exxon Mobil Corporation, purchasing 2,985 shares valued at approximately $355,000 during the first quarter.
• Exxon Mobil's recent quarterly earnings showed $1.76 EPS, exceeding analysts' expectations, although the company reported revenue lower than projections at $83.13 billion.
• The firm declared a quarterly dividend of $0.99 per share, reflecting an annualized payout of $3.96 and a yield of 3.59%.

Vantage Financial Partners LLC purchased a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,985 shares of the oil and gas company's stock, valued at approximately $355,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the first quarter valued at approximately $29,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. grew its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XOM shares. Morgan Stanley reissued an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.05 on Thursday, hitting $111.85. 6,608,515 shares of the stock were exchanged, compared to its average volume of 16,737,875. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $482.04 billion, a PE ratio of 14.84, a P/E/G ratio of 2.12 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The firm's 50 day moving average is $109.17 and its two-hundred day moving average is $109.13.

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. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share 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 3.54%. 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.