Csenge Advisory Group increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 84.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,899 shares of the oil and gas company’s stock after buying an additional 9,124 shares during the quarter. Csenge Advisory Group’s holdings in Exxon Mobil were worth $1,112,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Horan Securities Inc. boosted its position in shares of Exxon Mobil by 110.6% in the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 313 shares during the period. Clark Financial Advisors bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $28,000. Mach 1 Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $29,000. Bellwether Advisors LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $32,000. Finally, Canton Hathaway LLC raised its stake in shares of Exxon Mobil by 500.0% during the first quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.
Several research firms have commented on XOM. Barclays lifted their price target on shares of Exxon Mobil from $50.00 to $65.00 in a research note on Friday, February 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Exxon Mobil in a research note on Tuesday, March 16th. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $58.00 target price on the stock in a research note on Thursday, March 11th. BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 price objective on the stock in a research report on Monday, February 8th. Finally, UBS Group restated a “neutral” rating and set a $62.00 target price (up previously from $48.00) on shares of Exxon Mobil in a report on Monday, March 15th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.81.
NYSE XOM opened at $58.82 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The company has a market capitalization of $249.02 billion, a P/E ratio of 35.01 and a beta of 1.31. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $62.55. The stock has a 50 day moving average price of $56.85 and a 200-day moving average price of $47.38.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $59.15 billion during the quarter, compared to the consensus estimate of $55.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. Exxon Mobil’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Wednesday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
In other Exxon Mobil news, Director Michael J. Angelakis acquired 25,000 shares of the business’s stock in a transaction dated Monday, March 1st. The stock was acquired at an average cost of $57.16 per share, for a total transaction of $1,429,000.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $457,280. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.05% of the stock is owned by insiders.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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