IFG Advisory LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.8% in the first quarter, HoldingsChannel reports. The fund owned 46,909 shares of the oil and gas company’s stock after acquiring an additional 841 shares during the period. IFG Advisory LLC’s holdings in Exxon Mobil were worth $5,144,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $25,000. Dark Forest Capital Management LP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $27,000. Corrado Advisors LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $28,000. My Personal CFO LLC boosted its holdings in shares of Exxon Mobil by 15,000.0% in the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after buying an additional 300 shares during the last quarter. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 58.59% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on XOM shares. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. Jefferies Financial Group dropped their price target on Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. HSBC increased their price target on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. Finally, StockNews.com began coverage on Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $124.70.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.65 by $0.18. The company 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%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.07 EPS. Analysts forecast that Exxon Mobil Co. will post 9.45 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is presently 24.64%.
Insider Activity
In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Company 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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