O Keefe Stevens Advisory Inc. acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,612 shares of the oil and gas company’s stock, valued at approximately $788,000. Exxon Mobil comprises 0.7% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 23rd biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. Cim LLC grew its position in Exxon Mobil by 2.5% during the 4th quarter. Cim LLC now owns 7,517 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 180 shares during the last quarter. DeDora Capital Inc. increased its holdings in Exxon Mobil by 2.6% during the 4th quarter. DeDora Capital Inc. now owns 8,471 shares of the oil and gas company’s stock valued at $591,000 after acquiring an additional 211 shares in the last quarter. Smart Money Group LLC grew its holdings in shares of Exxon Mobil by 5.5% during the fourth quarter. Smart Money Group LLC now owns 4,124 shares of the oil and gas company’s stock worth $289,000 after buying an additional 214 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Exxon Mobil by 2.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock worth $324,000 after buying an additional 232 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its position in Exxon Mobil by 0.8% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 29,669 shares of the oil and gas company’s stock valued at $2,070,000 after buying an additional 235 shares in the last quarter. Institutional investors own 52.23% of the company’s stock.
Several research firms have recently commented on XOM. Credit Suisse Group upped their price target on shares of Exxon Mobil from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating in a research report on Wednesday, May 13th. Standpoint Research lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Cfra lowered Exxon Mobil from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $41.00 to $43.00 in a research report on Thursday, April 30th. Finally, Cowen reiterated a “hold” rating and set a $34.00 price objective on shares of Exxon Mobil in a report on Thursday, July 2nd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $56.09.
XOM stock traded down $0.10 during mid-day trading on Wednesday, hitting $43.16. 10,188,079 shares of the stock were exchanged, compared to its average volume of 24,235,942. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The business has a fifty day moving average price of $46.46 and a 200 day moving average price of $51.55. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $77.88. The stock has a market capitalization of $185.09 billion, a price-to-earnings ratio of 16.40 and a beta of 1.33.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.49. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The company 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 company posted $0.55 EPS. Exxon Mobil’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post -1.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were issued 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 (DPR) is 154.67%.
Exxon Mobil Company Profile
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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