Greatmark Investment Partners Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,194 shares of the oil and gas company’s stock after purchasing an additional 875 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Exxon Mobil were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the stock. Morris Retirement Advisors LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $240,000. Ford Financial Group LLC lifted its holdings in shares of Exxon Mobil by 9.1% during the first quarter. Ford Financial Group LLC now owns 7,959 shares of the oil and gas company’s stock valued at $444,000 after purchasing an additional 662 shares in the last quarter. Scott & Selber Inc. increased its holdings in Exxon Mobil by 6.7% in the 1st quarter. Scott & Selber Inc. now owns 16,443 shares of the oil and gas company’s stock worth $918,000 after buying an additional 1,031 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in Exxon Mobil by 12.0% in the 1st quarter. Atlantic Union Bankshares Corp now owns 50,914 shares of the oil and gas company’s stock worth $2,843,000 after buying an additional 5,442 shares during the last quarter. Finally, Flippin Bruce & Porter Inc. lifted its stake in Exxon Mobil by 3.7% during the 1st quarter. Flippin Bruce & Porter Inc. now owns 138,876 shares of the oil and gas company’s stock valued at $7,753,000 after acquiring an additional 4,919 shares during the period. Institutional investors own 50.90% of the company’s stock.
Several brokerages recently issued reports on XOM. The Goldman Sachs Group restated a “buy” rating and issued a $65.00 target price on shares of Exxon Mobil in a report on Tuesday, March 16th. DZ Bank upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Tuesday. JPMorgan Chase & Co. set a $74.00 price target on Exxon Mobil and gave the company a “buy” rating in a research note on Friday, April 30th. Zacks Investment Research downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a report on Monday, January 18th. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 2nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $56.15.
Exxon Mobil stock opened at $60.77 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Exxon Mobil Co. has a twelve month low of $31.11 and a twelve month high of $64.02. The company’s 50-day moving average price is $57.57 and its 200-day moving average price is $48.87. The company has a market cap of $257.27 billion, a PE ratio of 36.17 and a beta of 1.31.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $59.15 billion during the quarter, compared to analyst estimates of $55.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company earned ($0.14) EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, May 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.73%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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