Richard P Slaughter Associates Inc Buys 13,855 Shares of Exxon Mobil Co. (NYSE:XOM)

Richard P Slaughter Associates Inc raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 97.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,103 shares of the oil and gas company’s stock after acquiring an additional 13,855 shares during the period. Exxon Mobil makes up approximately 0.8% of Richard P Slaughter Associates Inc’s holdings, making the stock its 23rd biggest position. Richard P Slaughter Associates Inc’s holdings in Exxon Mobil were worth $3,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Norges Bank purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. GAMMA Investing LLC grew its holdings in Exxon Mobil by 14,242.7% during the 1st 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 14.4% during the 4th 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 in the last quarter. Franklin Resources Inc. grew its holdings in Exxon Mobil by 13.1% during the 4th 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 in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Exxon Mobil by 7.0% during the 4th 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 acquiring an additional 2,998,892 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

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

Exxon Mobil Price Performance

XOM opened at $103.85 on Wednesday. The business’s 50-day moving average is $106.37 and its two-hundred day moving average is $109.47. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. 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 $447.56 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

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. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is presently 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.