Cypress Wealth Services LLC Buys 290 Shares of Exxon Mobil Co. (NYSE:XOM)

Cypress Wealth Services LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,035 shares of the oil and gas company’s stock after acquiring an additional 290 shares during the quarter. Cypress Wealth Services LLC’s holdings in Exxon Mobil were worth $1,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in shares of Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock valued at $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $55,000. Rockline Wealth Management LLC lifted its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after acquiring an additional 1,498 shares during the last quarter. Renasant Bank boosted its holdings in Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after acquiring an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV lifted its position in Exxon Mobil by 1.6% in the fourth 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 purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $102.33 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market capitalization of $441.01 billion, a PE ratio of 13.05, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a 50 day moving average price of $106.06 and a 200-day moving average price of $109.42.

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 analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the business posted $2.06 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.87%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.