Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,161 shares of the oil and gas company’s stock after buying an additional 329 shares during the period. Birchcreek Wealth Management LLC’s holdings in Exxon Mobil were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its position in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $55,000. Legacy Trust increased its position in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after purchasing an additional 997 shares during the last quarter. Paradigm Capital Management LLC NV grew its stake in shares of Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after buying an additional 227 shares during the period. Finally, Hartford Funds Management Co LLC grew its holdings in shares of Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after purchasing an additional 2,617 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock traded up $0.23 during mid-day trading on Thursday, reaching $110.16. The stock had a trading volume of 1,414,109 shares, compared to its average volume of 16,815,277. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $108.65 and a 200 day simple moving average of $108.98. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market cap of $474.73 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50.

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 company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $2.06 EPS. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.59%. Exxon Mobil’s payout ratio is 52.52%.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Morgan Stanley reissued an “overweight” rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.42.

About Exxon Mobil

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.