Exxon Mobil Co. (NYSE:XOM) Position Boosted by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 415.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,325 shares of the oil and gas company's stock after buying an additional 41,376 shares during the period. Exxon Mobil comprises about 0.5% of Recurrent Investment Advisors LLC's investment portfolio, making the stock its 23rd largest position. Recurrent Investment Advisors LLC's holdings in Exxon Mobil were worth $5,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the fourth quarter valued at $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at $47,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM traded down $0.45 on Friday, reaching $108.13. The company had a trading volume of 14,040,466 shares, compared to its average volume of 15,556,607. The company has a fifty day moving average of $108.98 and a 200-day moving average of $110.85. The company has a market capitalization of $466.01 billion, a P/E ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. 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 one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm 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%. Exxon Mobil's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XOM. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Bernstein Bank upped their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Barclays lowered 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 report on Monday, May 5th. UBS Group lowered 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 report on Monday, April 14th. Finally, Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Company Profile

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.