Single Point Partners LLC Acquires New Stake in Exxon Mobil Co. (NYSE:XOM)

Single Point Partners LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,686 shares of the oil and gas company’s stock, valued at approximately $201,000.

A number of other large investors have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $104.29 on Monday. The company’s 50-day moving average is $105.42 and its 200-day moving average is $109.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $449.45 billion, a PE ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS 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 analysts’ expectations of $86.11 billion. During the same period last year, the firm earned $2.06 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company 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. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on XOM shares. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.50.

About Exxon Mobil

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.