McNaughton Wealth Management LLC Acquires Shares of 1,740 Exxon Mobil Co. (NYSE:XOM)

McNaughton Wealth Management LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,740 shares of the oil and gas company’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Norges Bank acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $6,936,737,000. GAMMA Investing LLC boosted its position in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley cut their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank cut their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Performance

Shares of XOM opened at $102.08 on Monday. The firm has a market cap of $439.93 billion, a PE ratio of 13.02, a PEG ratio of 3.02 and a beta of 0.51. The stock’s fifty day moving average price is $106.95 and its two-hundred day moving average price is $109.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.88%. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.