New England Investment & Retirement Group Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,703 shares of the oil and gas company’s stock after buying an additional 257 shares during the quarter. New England Investment & Retirement Group Inc.’s holdings in Exxon Mobil were worth $542,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted its position in shares of Exxon Mobil by 41.6% during the 1st quarter. Lindbrook Capital LLC now owns 3,244 shares of the oil and gas company’s stock worth $181,000 after buying an additional 953 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of Exxon Mobil by 12.2% during the 1st quarter. Legacy Financial Advisors Inc. now owns 17,575 shares of the oil and gas company’s stock worth $981,000 after buying an additional 1,906 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $72,235,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,460,047 shares of the oil and gas company’s stock valued at $83,356,000 after acquiring an additional 28,539 shares during the period. Finally, Orca Investment Management LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $241,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

In other news, Director Michael J. Angelakis purchased 25,000 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were acquired at an average price of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $457,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.

Several equities analysts have issued reports on XOM shares. Jefferies Financial Group reissued a “neutral” rating and issued a $55.00 price objective on shares of Exxon Mobil in a research note on Friday. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $58.00 target price on the stock in a report on Thursday, March 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $65.00 price objective on shares of Exxon Mobil in a report on Tuesday, March 16th. Bank of America reiterated a “buy” rating and set a $90.00 price objective on shares of Exxon Mobil in a report on Friday. Finally, Morgan Stanley increased their price objective on shares of Exxon Mobil from $60.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, March 16th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average price target of $55.81.

NYSE XOM traded up $0.05 during trading on Tuesday, reaching $58.87. 166,997 shares of the company’s stock were exchanged, compared to its average volume of 29,012,047. Exxon Mobil Co. has a fifty-two week low of $31.11 and a fifty-two week high of $62.55. The firm has a market capitalization of $249.23 billion, a PE ratio of 35.01 and a beta of 1.31. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $56.85 and its 200-day simple moving average is $47.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.06. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business had revenue of $59.15 billion during the quarter, compared to analyst estimates of $55.36 billion. During the same period in the previous year, the company earned ($0.14) EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 13th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Wednesday, May 12th. Exxon Mobil’s dividend payout ratio is 154.67%.

Exxon Mobil Company Profile

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; and manufactures and sells 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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