West Branch Capital LLC increased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,717 shares of the oil and gas company's stock after purchasing an additional 3,999 shares during the period. Exxon Mobil accounts for about 1.4% of West Branch Capital LLC's investment portfolio, making the stock its 22nd biggest holding. West Branch Capital LLC's holdings in Exxon Mobil were worth $4,129,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Defined Wealth Management LLC raised its holdings in Exxon Mobil by 3.7% during the first quarter. Defined Wealth Management LLC now owns 4,252 shares of the oil and gas company's stock worth $506,000 after purchasing an additional 153 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in shares of Exxon Mobil by 7.9% in the first quarter. Everhart Financial Group Inc. now owns 33,482 shares of the oil and gas company's stock valued at $3,982,000 after buying an additional 2,462 shares in the last quarter. Marshall Financial Group LLC increased its holdings in shares of Exxon Mobil by 2.2% in the first quarter. Marshall Financial Group LLC now owns 6,813 shares of the oil and gas company's stock valued at $810,000 after buying an additional 147 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Exxon Mobil during the 1st quarter worth approximately $240,000. Finally, Relyea Zuckerberg Hanson LLC grew its position in Exxon Mobil by 1.9% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 35,005 shares of the oil and gas company's stock worth $4,163,000 after purchasing an additional 656 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Stock Performance
Exxon Mobil stock traded up $2.33 on Friday, reaching $112.06. 28,512,903 shares of the stock were exchanged, compared to its average volume of 15,691,277. The stock has a market cap of $482.95 billion, a PE ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. 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 moving average price of $105.51 and a two-hundred day moving average price of $108.72.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. Sell-side 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 was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on XOM. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.
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About Exxon Mobil
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Free Report)
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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