CVA Family Office LLC Buys 918 Shares of Exxon Mobil Co. (NYSE:XOM)

CVA Family Office LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,718 shares of the oil and gas company’s stock after purchasing an additional 918 shares during the quarter. CVA Family Office LLC’s holdings in Exxon Mobil were worth $1,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the 4th quarter worth about $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $32,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.1%

Shares of XOM stock opened at $112.06 on Friday. The company has a 50 day moving average of $105.51 and a 200-day moving average of $108.78. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market cap of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil’s payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s 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.