McKinley Carter Wealth Services Inc. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 36,569 shares of the oil and gas company’s stock after buying an additional 1,301 shares during the period. Exxon Mobil makes up approximately 0.9% of McKinley Carter Wealth Services Inc.’s investment portfolio, making the stock its 27th largest holding. McKinley Carter Wealth Services Inc.’s holdings in Exxon Mobil were worth $2,728,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Watch Point Trust Co lifted its stake in Exxon Mobil by 2.4% in the 4th quarter. Watch Point Trust Co now owns 26,909 shares of the oil and gas company’s stock valued at $2,251,000 after buying an additional 635 shares in the last quarter. X Square Capital LLC lifted its stake in Exxon Mobil by 16.8% in the 1st quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock valued at $339,000 after buying an additional 653 shares in the last quarter. We Are One Seven LLC lifted its stake in Exxon Mobil by 3.8% in the 1st quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock valued at $1,372,000 after buying an additional 671 shares in the last quarter. Lakeview Capital Partners LLC lifted its stake in Exxon Mobil by 3.5% in the 1st quarter. Lakeview Capital Partners LLC now owns 20,095 shares of the oil and gas company’s stock valued at $1,499,000 after buying an additional 677 shares in the last quarter. Finally, Shelton Capital Management lifted its stake in Exxon Mobil by 0.3% in the 4th quarter. Shelton Capital Management now owns 217,936 shares of the oil and gas company’s stock valued at $18,228,000 after buying an additional 685 shares in the last quarter. Institutional investors and hedge funds own 52.60% of the company’s stock.
Shares of Exxon Mobil stock opened at $80.29 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The firm has a market cap of $339.72 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The business had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. analysts expect that Exxon Mobil Co. will post 4.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 13th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is currently 91.36%.
A number of research firms recently issued reports on XOM. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 8th. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Tuesday. ValuEngine raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 10th. Finally, Barclays upped their target price on Exxon Mobil from $84.00 to $87.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus target price of $87.11.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Featured Story: What does earnings per share mean?
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.