Brown Miller Wealth Management LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 2,445 shares of the oil and gas company’s stock, valued at approximately $202,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at about $30,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. West Bancorporation Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Nvwm LLC lifted its stake in shares of Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 300 during the period. Finally, Core Wealth Advisors Inc. lifted its stake in shares of Exxon Mobil by 454.5% in the fourth quarter. Core Wealth Advisors Inc. Now owns 610 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 500 shares during the period. Institutional investors own 54.07% of the company’s stock.
Several research firms recently weighed in on XOM. Argus increased their target price on shares of Exxon Mobil from $92.00 to $104.00 in a research note on Monday, May 9th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $93.00 to 107.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. Trust Financial increased their price target on shares of Exxon Mobil from $75.00 to $84.00 in a research report on Thursday, April 21st. Cowen increased their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Finally, StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average target price of $89.24.
Shares of XOM stock opened at $86.90 on Monday. Exxon Mobil Co. has a 12-month low of $52.10 and a 12-month high of $105.57. The firm has a market capitalization of $366.07 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $91.46 and a 200-day moving average of $81.23.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The firm had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. During the same period last year, the firm earned $0.65 EPS. Exxon Mobil’s quarterly revenue was up 53.0% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 10.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were paid a $0.88 dividend. This represents a $3.52 dividend on an annual basis and a yield of 4.05%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is presently 58.37%.
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.
About Exxon Mobil (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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