Midwest Financial Group LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,800 shares of the oil and gas company’s stock, valued at approximately $1,513,000. Exxon Mobil accounts for about 1.4% of Midwest Financial Group LLC’s holdings, making the stock its 18th largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Dark Forest Capital Management LP bought a new stake in Exxon Mobil during the fourth quarter worth approximately $27,000. Corrado Advisors LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $28,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Exxon Mobil during the fourth quarter worth approximately $36,000. Align Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $38,000. Finally, Financial Connections Group Inc. raised its holdings in Exxon Mobil by 1,207.1% during the fourth quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 338 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently commented on XOM shares. HSBC boosted their target price on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a report on Thursday, April 20th. StockNews.com started coverage on Exxon Mobil in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Mizuho dropped their price target on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Royal Bank of Canada cut Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a report on Thursday, June 1st. Finally, Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $140.00 to $135.00 in a report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $124.70.
Exxon Mobil Trading Up 0.3 %
Exxon Mobil (NYSE:XOM – Free Report) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The firm had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. Exxon Mobil’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.07 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.46 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is presently 24.64%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.
Exxon Mobil 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.
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