Personal Resources Investment & Strategic Management Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 30.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,285 shares of the oil and gas company’s stock after acquiring an additional 1,000 shares during the period. Personal Resources Investment & Strategic Management Inc.’s holdings in Exxon Mobil were worth $350,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in XOM. Macroview Investment Management LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $102,000. Corbyn Investment Management Inc. MD acquired a new stake in Exxon Mobil during the 1st quarter valued at $110,000. KHP Capital LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $111,000. Clearwater Capital Advisors LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $122,000. Finally, Trilogy Capital Inc. acquired a new stake in Exxon Mobil during the 1st quarter valued at $149,000. Institutional investors own 52.60% of the company’s stock.
NYSE XOM opened at $81.83 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 debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. The firm has a market capitalization of $344.76 billion, a PE ratio of 22.79, a P/E/G ratio of 1.45 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. During the same period last year, the company posted $0.78 earnings per share. The company’s revenue was up 26.6% compared to the same quarter last year. sell-side analysts predict that Exxon Mobil Co. will post 4.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 13th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Friday, August 10th. Exxon Mobil’s payout ratio is 91.36%.
Several brokerages have issued reports on XOM. Royal Bank of Canada reissued a “buy” rating and set a $105.00 target price on shares of Exxon Mobil in a research note on Wednesday, August 8th. Goldman Sachs Group set a $84.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday. UBS Group set a $87.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday. ValuEngine raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $88.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 10th. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.45.
About Exxon Mobil
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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