Crestline Management LP Has $5.60 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Crestline Management LP boosted its position in Exxon Mobil Co. (NYSE:XOM) by 1,429.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,015 shares of the oil and gas company’s stock after buying an additional 48,615 shares during the quarter. Crestline Management LP’s holdings in Exxon Mobil were worth $5,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $104.97 on Wednesday. The business has a 50-day moving average of $109.14 and a 200-day moving average of $111.44. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market capitalization of $454.01 billion, a P/E ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the business posted $2.06 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.77%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XOM. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Mizuho decreased their price objective on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Barclays cut their target price on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank of Canada decreased their price target on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.85.

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.