Simon Quick Advisors LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Simon Quick Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 37.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,846 shares of the oil and gas company’s stock after acquiring an additional 8,456 shares during the quarter. Simon Quick Advisors LLC’s holdings in Exxon Mobil were worth $3,668,000 as of its most recent filing with the Securities & Exchange Commission.

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

Exxon Mobil Price Performance

XOM stock opened at $109.31 on Thursday. The stock has a market capitalization of $471.08 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 3.02 and a beta of 0.49. The firm’s 50-day moving average price is $105.14 and its two-hundred day moving average price is $108.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during 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 company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank decreased their target price 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 reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Finally, Barclays reissued 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 issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price 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.