Goelzer Investment Management Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)
Goelzer Investment Management Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,815 shares of the oil and gas company’s stock after acquiring an additional 37,714 shares during the period. Exxon Mobil accounts for 1.2% of Goelzer Investment Management Inc.’s holdings, making the stock its 18th biggest position. Goelzer Investment Management Inc.’s holdings in Exxon Mobil were worth $10,131,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of XOM. TFO TDC LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $25,000. Gs Investments Inc. raised its holdings in shares of Exxon Mobil by 543.5% in the fourth quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock worth $37,000 after buying an additional 375 shares during the last quarter. Evolution Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 299.3% in the fourth quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock worth $40,000 after buying an additional 431 shares during the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth $40,000. Finally, Danda Trouve Investment Management Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter worth $47,000. 55.61% of the stock is owned by institutional investors.
Several research analysts recently issued reports on the stock. Mizuho reduced their target price on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. UBS Group lifted their target price on shares of Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Bank of America reiterated a “buy” rating and issued a $70.00 target price on shares of Exxon Mobil in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “neutral” rating and issued a $38.00 target price on shares of Exxon Mobil in a research report on Monday, March 16th. Finally, Barclays reiterated a “hold” rating and issued a $67.00 target price on shares of Exxon Mobil in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $56.65.
NYSE:XOM opened at $42.00 on Friday. The company’s 50-day moving average price is $42.12 and its 200-day moving average price is $57.67. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a market cap of $188.77 billion, a P/E ratio of 15.73 and a beta of 1.34. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $77.93.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.49. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The firm had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. During the same period last year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post -0.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date of this dividend is Tuesday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
Exxon Mobil Company 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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