PFG Investments LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 320.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,862 shares of the oil and gas company's stock after purchasing an additional 102,051 shares during the period. Exxon Mobil accounts for approximately 0.9% of PFG Investments LLC's investment portfolio, making the stock its 11th biggest position. PFG Investments LLC's holdings in Exxon Mobil were worth $15,560,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of XOM. PFS Partners LLC raised its holdings in shares of Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company's stock valued at $2,190,000 after purchasing an additional 89 shares during the period. Traynor Capital Management Inc. boosted its position in shares of Exxon Mobil by 4.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company's stock worth $276,000 after acquiring an additional 94 shares in the last quarter. Money Concepts Capital Corp boosted its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company's stock worth $367,000 after acquiring an additional 95 shares in the last quarter. Defined Wealth Management LLC boosted its position in Exxon Mobil by 2.4% in the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company's stock valued at $476,000 after buying an additional 96 shares in the last quarter. Finally, Well Done LLC boosted its position in Exxon Mobil by 0.8% in the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company's stock valued at $1,462,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Stock Performance
Shares of NYSE XOM traded down $3.37 during midday trading on Friday, hitting $117.96. The company's stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The stock has a fifty day moving average price of $113.33 and a 200 day moving average price of $106.64. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $466.92 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 4.05 and a beta of 0.96.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the company posted $2.83 EPS. The business's revenue was down 4.0% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil's dividend payout ratio is currently 46.57%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on XOM shares. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an "overweight" rating and a $147.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. UBS Group lifted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, April 11th. Truist Financial lifted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $132.28.
Read Our Latest Research Report on XOM
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.
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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