Eagle Rock Investment Company LLC Has $767,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Eagle Rock Investment Company LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the first quarter, HoldingsChannel reports. The fund owned 6,445 shares of the oil and gas company’s stock after purchasing an additional 162 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Exxon Mobil were worth $767,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Tallon Kerry Patrick acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $48,348,000. Financial Strategies Group Inc. grew its stake in Exxon Mobil by 5.9% in the fourth quarter. Financial Strategies Group Inc. now owns 53,434 shares of the oil and gas company’s stock valued at $5,693,000 after acquiring an additional 2,976 shares during the period. Jennison Associates LLC grew its stake in Exxon Mobil by 1.7% in the fourth quarter. Jennison Associates LLC now owns 1,543,658 shares of the oil and gas company’s stock valued at $166,051,000 after acquiring an additional 26,517 shares during the period. Finally, Wealthspan Partners LLC grew its stake in Exxon Mobil by 2.3% in the fourth quarter. Wealthspan Partners LLC now owns 4,949 shares of the oil and gas company’s stock valued at $532,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Up 2.4%

XOM stock opened at $104.29 on Friday. The stock’s fifty day simple moving average is $105.42 and its two-hundred day simple moving average is $109.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. Exxon Mobil’s payout ratio is presently 52.52%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.