Malaga Cove Capital LLC Buys New Shares in Exxon Mobil Co. (NYSE:XOM)

Malaga Cove Capital LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,100 shares of the oil and gas company’s stock, valued at approximately $333,000.

Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Royal Bank of Canada dropped their target price on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. 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 research report on Thursday, March 27th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank lowered their price objective 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. Finally, UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Trading Down 0.9%

XOM opened at $108.45 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company’s 50 day simple moving average is $109.07 and its two-hundred day simple moving average is $110.98. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market capitalization of $467.38 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 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 net margin of 9.63% and a return on equity of 12.92%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is presently 52.52%.

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.