Bourgeon Capital Management LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Bourgeon Capital Management LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,076 shares of the oil and gas company’s stock after buying an additional 110 shares during the period. Bourgeon Capital Management LLC’s holdings in Exxon Mobil were worth $2,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Beacon Capital Management LLC grew its position in Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after acquiring an additional 93 shares in the last quarter. Altus Wealth Group LLC boosted its holdings in shares of Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after purchasing an additional 94 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 94 shares in the last quarter. WPWealth LLP increased its position in shares of Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after purchasing an additional 96 shares during the last quarter. Finally, Marietta Wealth Management LLC raised its holdings in shares of Exxon Mobil by 3.0% during the 4th quarter. Marietta Wealth Management LLC now owns 3,319 shares of the oil and gas company’s stock valued at $357,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.7%

NYSE XOM opened at $103.01 on Tuesday. The stock has a market cap of $443.95 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a 50 day simple moving average of $106.65 and a two-hundred day simple moving average of $109.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Finally, UBS Group reduced their price objective 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 equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.50.

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.