InTrack Investment Management Inc Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

InTrack Investment Management Inc lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,500 shares of the oil and gas company’s stock after purchasing an additional 384 shares during the quarter. InTrack Investment Management Inc’s holdings in Exxon Mobil were worth $654,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $32,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter worth about $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.31 on Thursday. The stock’s 50-day moving average price is $105.14 and its 200 day moving average price is $108.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $471.08 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its 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 company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. 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. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on XOM shares. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Scotiabank lowered their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil 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.