Forte Capital LLC ADV Acquires 642 Shares of Exxon Mobil Corporation (NYSE:XOM)

Forte Capital LLC ADV boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,840 shares of the oil and gas company’s stock after acquiring an additional 642 shares during the quarter. Forte Capital LLC ADV’s holdings in Exxon Mobil were worth $2,122,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC increased its position in shares of Exxon Mobil by 3.2% during the first quarter. Pzena Investment Management LLC now owns 615,423 shares of the oil and gas company’s stock worth $73,192,000 after purchasing an additional 19,034 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Exxon Mobil by 2.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 760,159 shares of the oil and gas company’s stock valued at $90,406,000 after buying an additional 15,086 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of Exxon Mobil by 0.3% during the 1st quarter. Forum Financial Management LP now owns 87,498 shares of the oil and gas company’s stock worth $10,406,000 after acquiring an additional 299 shares in the last quarter. Kooman & Associates boosted its stake in shares of Exxon Mobil by 17.8% during the 1st quarter. Kooman & Associates now owns 5,792 shares of the oil and gas company’s stock worth $689,000 after acquiring an additional 874 shares in the last quarter. Finally, Montis Financial LLC boosted its stake in shares of Exxon Mobil by 92.1% during the 1st quarter. Montis Financial LLC now owns 6,433 shares of the oil and gas company’s stock worth $765,000 after acquiring an additional 3,085 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

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

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same period last year, the business earned $2.06 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XOM. Morgan Stanley reaffirmed an “overweight” rating on shares of Exxon Mobil in a report on Tuesday. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Mizuho reduced 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. TD Cowen upped their price target 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. Finally, Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $125.42.

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.