New Capital Management LP boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 141.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,656 shares of the oil and gas company’s stock after acquiring an additional 1,558 shares during the period. New Capital Management LP’s holdings in Exxon Mobil were worth $119,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in XOM. TFO TDC LLC boosted its holdings in Exxon Mobil by 137.4% in the first quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. PrairieView Partners LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $37,000. Danda Trouve Investment Management Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. Filbrandt Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $49,000. Finally, Avondale Wealth Management bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $52,000. Institutional investors and hedge funds own 52.23% of the company’s stock.
A number of analysts have recently commented on XOM shares. Credit Suisse Group boosted their target price on shares of Exxon Mobil from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Royal Bank of Canada restated a “sell” rating and set a $42.00 target price on shares of Exxon Mobil in a report on Friday, May 1st. Standpoint Research cut shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Argus cut shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and one has issued a buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $56.09.
NYSE:XOM traded down $0.06 during mid-day trading on Wednesday, reaching $43.18. The company’s stock had a trading volume of 568,357 shares, compared to its average volume of 24,235,942. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $77.88. The firm’s fifty day moving average price is $46.46 and its two-hundred day moving average price is $51.55. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The stock has a market cap of $185.09 billion, a P/E ratio of 16.40 and a beta of 1.33.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.49. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. Exxon Mobil’s revenue was down 11.7% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post -1.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.06%. Exxon Mobil’s dividend payout ratio is currently 154.67%.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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