Deane Retirement Strategies Inc. Buys 1,969 Shares of Exxon Mobil Co. (NYSE:XOM)

Deane Retirement Strategies Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.2% in the first quarter, HoldingsChannel.com reports. The fund owned 39,930 shares of the oil and gas company’s stock after acquiring an additional 1,969 shares during the quarter. Exxon Mobil accounts for approximately 2.3% of Deane Retirement Strategies Inc.’s portfolio, making the stock its 15th largest position. Deane Retirement Strategies Inc.’s holdings in Exxon Mobil were worth $4,747,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the fourth quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth about $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter worth about $36,000. Finally, Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on XOM. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley decreased 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 report on Thursday, March 27th. Mizuho decreased 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 report on Tuesday, May 13th. Finally, UBS Group decreased 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 report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $104.29 on Monday. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. 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 firm has a fifty day simple moving average of $105.42 and a two-hundred day simple moving average of $109.02. The stock has a market capitalization of $449.45 billion, a P/E ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49.

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

Exxon Mobil Dividend Announcement

The business 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. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil’s payout ratio is 52.52%.

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.