O Keefe Stevens Advisory Inc. purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 17,612 shares of the oil and gas company’s stock, valued at approximately $788,000. Exxon Mobil accounts for about 0.7% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 23rd largest position.
Several other hedge funds have also bought and sold shares of XOM. Cim LLC boosted its stake in Exxon Mobil by 2.5% in the 4th quarter. Cim LLC now owns 7,517 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 180 shares during the period. DeDora Capital Inc. lifted its position in shares of Exxon Mobil by 2.6% during the 4th quarter. DeDora Capital Inc. now owns 8,471 shares of the oil and gas company’s stock worth $591,000 after buying an additional 211 shares during the last quarter. Smart Money Group LLC lifted its position in shares of Exxon Mobil by 5.5% during the 4th quarter. Smart Money Group LLC now owns 4,124 shares of the oil and gas company’s stock worth $289,000 after buying an additional 214 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Exxon Mobil by 2.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 232 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its holdings in Exxon Mobil by 0.8% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 29,669 shares of the oil and gas company’s stock worth $2,070,000 after purchasing an additional 235 shares in the last quarter. 52.23% of the stock is currently owned by institutional investors and hedge funds.
XOM traded down $0.10 during midday trading on Wednesday, reaching $43.16. 10,188,079 shares of the company’s stock were exchanged, compared to its average volume of 24,235,942. The business’s 50-day moving average price is $46.46 and its 200 day moving average price is $51.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The stock has a market capitalization of $185.09 billion, a PE ratio of 16.40 and a beta of 1.33. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $77.88.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The firm had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post -1.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 13th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date of this dividend was Tuesday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.
XOM has been the subject of several recent research reports. Cfra cut Exxon Mobil from a “hold” rating to a “sell” rating and increased their price target for the company from $41.00 to $43.00 in a research note on Thursday, April 30th. Standpoint Research lowered Exxon Mobil from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. UBS Group lifted their price target on Exxon Mobil from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Argus downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Morgan Stanley reduced their price target on Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus target price of $56.09.
Exxon Mobil 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.
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