Malaga Cove Capital LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,100 shares of the oil and gas company's stock, valued at approximately $333,000.
A number of other institutional investors and hedge funds have also modified their holdings of XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Down 0.4%
Shares of NYSE:XOM traded down $0.45 during trading hours on Friday, reaching $108.13. The stock had a trading volume of 14,040,466 shares, compared to its average volume of 15,556,607. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm's 50 day moving average is $108.98 and its 200-day moving average is $110.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $466.01 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 3.02 and a beta of 0.51.
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. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the firm posted $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on XOM shares. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Bernstein Bank increased their price target 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. Barclays dropped their price target on shares of Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. 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 note on Monday, April 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $125.50.
View Our Latest Analysis on XOM
About Exxon Mobil
(
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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