Hengehold Capital Management LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Hengehold Capital Management LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,610 shares of the oil and gas company’s stock after purchasing an additional 1,388 shares during the period. Hengehold Capital Management LLC’s holdings in Exxon Mobil were worth $4,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Finally, Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Trading Up 2.1%

NYSE XOM opened at $112.06 on Monday. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a 50 day moving average of $105.51 and a two-hundred day moving average of $108.66. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $482.95 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

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.