Mountain Capital Investment Advisors Inc purchased a new stake in Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 69,730 shares of the oil and gas company’s stock, valued at approximately $3,015,000. Exxon Mobil comprises approximately 1.4% of Mountain Capital Investment Advisors Inc’s holdings, making the stock its 14th largest position.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TFO TDC LLC lifted its stake in shares of Exxon Mobil by 137.4% in the 1st quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 500 shares during the period. PrairieView Partners LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $37,000. Danda Trouve Investment Management Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Filbrandt Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $49,000. Finally, Avondale Wealth Management acquired a new position in Exxon Mobil during the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors own 52.23% of the company’s stock.
A number of research analysts recently weighed in on XOM shares. BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Wells Fargo & Co upped their price target on Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $51.00 price target on shares of Exxon Mobil in a research note on Tuesday, June 9th. Cowen reaffirmed a “hold” rating and set a $34.00 price target on shares of Exxon Mobil in a research note on Thursday, July 2nd. Finally, Royal Bank of Canada reaffirmed a “sell” rating and set a $42.00 price target on shares of Exxon Mobil in a research note on Friday, May 1st. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.09.
NYSE XOM traded down $0.17 on Wednesday, hitting $43.09. 9,461,479 shares of the stock traded hands, compared to its average volume of 24,235,942. The business’s fifty day moving average is $46.46 and its two-hundred day moving average is $51.55. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $77.88. The firm has a market capitalization of $185.09 billion, a price-to-earnings ratio of 16.40 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.49. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same period in the prior year, the company earned $0.55 earnings per share. Exxon Mobil’s revenue was down 11.7% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post -1.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 8.08%. The ex-dividend date was Tuesday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
Further Reading: Secondary Public Offerings
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