Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Forum Financial Management LP

Forum Financial Management LP lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the 1st quarter, HoldingsChannel reports. The fund owned 87,498 shares of the oil and gas company’s stock after purchasing an additional 299 shares during the period. Forum Financial Management LP’s holdings in Exxon Mobil were worth $10,406,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC lifted its position in shares of Exxon Mobil by 35.3% during the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company’s stock worth $1,963,000 after purchasing an additional 4,760 shares during the last quarter. Boston Partners grew its position in Exxon Mobil by 0.4% during the fourth quarter. Boston Partners now owns 511,908 shares of the oil and gas company’s stock worth $55,073,000 after buying an additional 2,157 shares during the period. Brooklyn FI LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $343,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Exxon Mobil by 185.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,285 shares of the oil and gas company’s stock valued at $1,746,000 after buying an additional 10,577 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its stake in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 94 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XOM shares. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $125.42.

Exxon Mobil Stock Down 0.4%

XOM stock opened at $111.73 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a market cap of $481.51 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.09 and a beta of 0.50. The company’s 50-day moving average price is $108.65 and its 200 day moving average price is $108.96. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 EPS. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. 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.