Checchi Capital Advisers LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 34.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,092 shares of the oil and gas company’s stock after purchasing an additional 7,651 shares during the period. Checchi Capital Advisers LLC’s holdings in Exxon Mobil were worth $1,143,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its stake in Exxon Mobil by 2.5% during the fourth quarter. State Street Corp now owns 202,281,808 shares of the oil and gas company’s stock valued at $14,115,225,000 after acquiring an additional 5,019,413 shares in the last quarter. Capital Research Global Investors grew its stake in Exxon Mobil by 7.6% during the fourth quarter. Capital Research Global Investors now owns 66,388,650 shares of the oil and gas company’s stock valued at $4,632,600,000 after acquiring an additional 4,674,009 shares in the last quarter. Geode Capital Management LLC grew its stake in Exxon Mobil by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 61,969,806 shares of the oil and gas company’s stock valued at $4,315,899,000 after acquiring an additional 1,790,650 shares in the last quarter. FMR LLC grew its stake in Exxon Mobil by 0.3% during the fourth quarter. FMR LLC now owns 57,910,545 shares of the oil and gas company’s stock valued at $4,040,997,000 after acquiring an additional 157,322 shares in the last quarter. Finally, Norges Bank purchased a new position in Exxon Mobil during the fourth quarter valued at $3,055,993,000. Hedge funds and other institutional investors own 55.61% of the company’s stock.

In other Exxon Mobil news, VP Neil W. Duffin purchased 30,000 shares of Exxon Mobil stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of $36.41 per share, for a total transaction of $1,092,300.00. Following the acquisition, the vice president now owns 571,150 shares in the company, valued at approximately $20,795,571.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William C. Weldon purchased 4,180 shares of Exxon Mobil stock in a transaction dated Friday, March 6th. The stock was acquired at an average price of $48.09 per share, with a total value of $201,016.20. Following the acquisition, the director now owns 30,947 shares in the company, valued at approximately $1,488,241.23. The disclosure for this purchase can be found here. Insiders have purchased a total of 38,771 shares of company stock valued at $1,493,300 in the last quarter. 0.05% of the stock is currently owned by company insiders.

Shares of XOM opened at $42.00 on Friday. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $77.93. The company has a 50-day moving average of $42.12 and a 200 day moving average of $57.67. The firm has a market capitalization of $188.77 billion, a price-to-earnings ratio of 15.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The company had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same quarter last year, the business posted $0.55 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post -0.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.29%. Exxon Mobil’s payout ratio is 154.67%.

Several equities analysts recently weighed in on the stock. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a “neutral” rating and set a $38.00 target price on shares of Exxon Mobil in a research note on Monday, March 16th. Cowen cut their target price on shares of Exxon Mobil from $58.00 to $54.00 and set a “market perform” rating for the company in a research note on Friday, March 6th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, March 16th. Finally, Berenberg Bank set a $63.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.65.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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