NCM Capital Management LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

NCM Capital Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,939 shares of the oil and gas company’s stock after buying an additional 211 shares during the period. Exxon Mobil makes up about 0.9% of NCM Capital Management LLC’s holdings, making the stock its 20th biggest position. NCM Capital Management LLC’s holdings in Exxon Mobil were worth $2,037,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 100 shares during the period. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $104.87 on Wednesday. The firm has a market cap of $451.95 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock has a 50-day simple moving average of $108.85 and a 200-day simple moving average of $110.67. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

Wall Street Analyst Weigh In

Several brokerages 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 on the stock in a research report on Thursday, March 27th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Finally, Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.