Madison Asset Management LLC Buys Shares of 4,283 Exxon Mobil Co. (NYSE:XOM)

Madison Asset Management LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,283 shares of the oil and gas company’s stock, valued at approximately $239,000.

A number of other large investors have also bought and sold shares of XOM. Horan Securities Inc. raised its position in Exxon Mobil by 110.6% in the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 313 shares during the period. Atlas Capital Advisors LLC raised its holdings in shares of Exxon Mobil by 102.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 493 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 250 shares during the period. Mach 1 Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $29,000. Canton Hathaway LLC raised its holdings in shares of Exxon Mobil by 500.0% in the 1st quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 600 shares during the period. Finally, Luken Investment Analytics LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $41,000. Institutional investors own 51.42% of the company’s stock.

Shares of NYSE XOM opened at $62.75 on Friday. The firm has a market cap of $265.65 billion, a PE ratio of -14.04, a PEG ratio of 1.39 and a beta of 1.43. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.28. Exxon Mobil Co. has a 52-week low of $31.11 and a 52-week high of $64.02. The firm has a 50-day moving average price of $58.72.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $59.15 billion during the quarter, compared to analysts’ expectations of $55.36 billion. Exxon Mobil had a negative return on equity of 0.48% and a negative net margin of 10.35%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 3.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, May 12th. Exxon Mobil’s dividend payout ratio is presently -1,054.55%.

Several equities research analysts recently issued reports on XOM shares. Tudor Pickering reiterated a “buy” rating and issued a C$48.00 price objective on shares of Exxon Mobil in a report on Friday, June 4th. MKM Partners boosted their price objective on Exxon Mobil from $56.00 to $60.00 in a report on Thursday, March 4th. Jefferies Financial Group reiterated a “neutral” rating and issued a $55.00 price objective on shares of Exxon Mobil in a report on Friday, April 30th. Credit Suisse Group restated a “neutral” rating and set a $69.00 price target on shares of Exxon Mobil in a report on Monday. Finally, Morgan Stanley upped their price target on Exxon Mobil from $60.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, March 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $56.41.

Exxon Mobil 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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