Matter Wealth Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,343 shares of the oil and gas company’s stock after purchasing an additional 1,997 during the quarter. Mattern Wealth Management LLC’s holdings in Exxon Mobil were worth $1,763,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Investors Research Corp lifted its stake in Exxon Mobil by 1.6% during the first quarter. Investors Research Corp now owns 7,835 shares of the oil and gas company’s stock valued at $647,000 after buying an additional 125 shares in the last quarter. Roble Belko & Company Inc boosted its stake in Exxon Mobil by 2.4% in the 4th quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 129 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Exxon Mobil by 0.8% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock worth $1,060,000 after purchasing an additional 130 shares during the period. Puzo Michael J boosted its stake in Exxon Mobil by 0.3% in the 4th quarter. Puzo Michael J now owns 41,910 shares of the oil and gas company’s stock worth $2,564,000 after purchasing an additional 135 shares during the period. Finally, Destiny Wealth Partners LLC boosted its stake in Exxon Mobil by 1.2% in the 4th quarter. Destiny Wealth Partners LLC now owns 12,050 shares of the oil and gas company’s stock worth $737,000 after purchasing an additional 137 shares during the period. 54.07% of the stock is owned by institutional investors and hedge funds.
In related news, 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 value of $220,733.07. Following the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.
Shares of XOM opened at $86.90 on Monday. The company has a market capitalization of $366.07 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The company’s fifty day moving average price is $91.46 and its 200 day moving average price is $81.23.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data 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 return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 53.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 10.26 earnings per share for the current year.
The firm 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. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.52 dividend on an annual basis and a yield of 4.05%. Exxon Mobil’s payout ratio is currently 58.37%.
A number of research firms recently commented on XOM. BMO Capital Markets raised their objective price on shares of Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a research note on Thursday, March 3rd. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. set a $100.00 target price on shares of Exxon Mobil in a research note on Tuesday, March 29th. Citigroup lifted their objective price on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Finally, Morgan Stanley lifted their objective price on shares of Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, June 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Hold” and an average price target of $89.24.
Exxon Mobil Profile (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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