Empirical Asset Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 49.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,882 shares of the oil and gas company's stock after buying an additional 14,572 shares during the period. Empirical Asset Management LLC's holdings in Exxon Mobil were worth $4,720,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Eagle Capital Management LLC grew its position in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company's stock worth $283,000 after acquiring an additional 114 shares during the last quarter. Gardner Lewis Asset Management L P bought a new position in shares of Exxon Mobil in the second quarter worth approximately $9,023,000. Carolinas Wealth Consulting LLC increased its stake in shares of Exxon Mobil by 71.3% in the second quarter. Carolinas Wealth Consulting LLC now owns 8,204 shares of the oil and gas company's stock worth $944,000 after buying an additional 3,415 shares during the period. Paces Ferry Wealth Advisors LLC raised its holdings in Exxon Mobil by 18.7% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,887 shares of the oil and gas company's stock valued at $563,000 after buying an additional 770 shares during the last quarter. Finally, Kentucky Retirement Systems raised its holdings in Exxon Mobil by 12.1% during the 2nd quarter. Kentucky Retirement Systems now owns 338,043 shares of the oil and gas company's stock valued at $38,916,000 after buying an additional 36,474 shares during the last quarter. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Up 0.9 %
Shares of NYSE:XOM traded up $1.05 on Friday, hitting $112.37. 19,228,798 shares of the company traded hands, compared to its average volume of 13,346,318. The company has a market cap of $493.89 billion, a PE ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The stock has a 50 day simple moving average of $112.73 and a 200-day simple moving average of $115.52. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $2.27 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil's dividend payout ratio is 49.32%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. UBS Group reduced their price target on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.84.
Check Out Our Latest Report on XOM
Exxon Mobil Profile
(
Free Report)
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.
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