Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Verity & Verity LLC

Verity & Verity LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 160,289 shares of the oil and gas company’s stock after acquiring an additional 2,770 shares during the period. Exxon Mobil makes up about 1.7% of Verity & Verity LLC’s holdings, making the stock its 24th largest holding. Verity & Verity LLC’s holdings in Exxon Mobil were worth $19,063,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Tallon Kerry Patrick acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $789,000. Union Bancaire Privee UBP SA acquired a new position in Exxon Mobil in the 4th quarter valued at about $48,348,000. SOA Wealth Advisors LLC. increased its position in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after acquiring an additional 1,595 shares during the period. Summit Wealth & Retirement Planning Inc. increased its position in Exxon Mobil by 7.9% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 6,797 shares of the oil and gas company’s stock valued at $731,000 after acquiring an additional 500 shares during the period. Finally, Rede Wealth LLC increased its position in Exxon Mobil by 0.8% in the 4th quarter. Rede Wealth LLC now owns 20,820 shares of the oil and gas company’s stock valued at $2,240,000 after acquiring an additional 168 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.4%

Shares of NYSE XOM opened at $109.71 on Friday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market cap of $472.81 billion, a P/E ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $105.28 and a 200 day moving average price of $108.82.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the firm earned $2.06 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.61%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

A number of research firms recently issued reports on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.50.

About Exxon Mobil

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.