Quad Cities Investment Group LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,664 shares of the oil and gas company’s stock, valued at approximately $571,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Macroview Investment Management LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $102,000. Corbyn Investment Management Inc. MD acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $110,000. KHP Capital LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $111,000. Clearwater Capital Advisors LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $122,000. Finally, PrairieView Partners LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $220,000. 52.60% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a report on Tuesday, July 10th. Macquarie reaffirmed a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a report on Tuesday, July 10th. Barclays reaffirmed a “sell” rating and issued a $84.00 target price on shares of Exxon Mobil in a report on Tuesday, July 10th. Morningstar set a $85.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, June 11th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a report on Monday, June 11th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and an average target price of $87.32.
Shares of NYSE:XOM opened at $80.46 on Friday. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a market cap of $339.72 billion, a PE ratio of 22.41, a PEG ratio of 1.43 and a beta of 0.86. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. During the same period in the previous year, the business posted $0.78 EPS. Exxon Mobil’s revenue for the quarter was up 26.6% compared to the same quarter last year. research analysts expect that Exxon Mobil Co. will post 4.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, August 10th. Exxon Mobil’s payout ratio is presently 91.36%.
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.
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