Retirement Guys Formula LLC Increases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Retirement Guys Formula LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 25.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,105 shares of the oil and gas company’s stock after buying an additional 2,074 shares during the period. Retirement Guys Formula LLC’s holdings in Exxon Mobil were worth $1,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tallon Kerry Patrick purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA bought a new position in Exxon Mobil during the 4th quarter valued at approximately $48,348,000. SOA Wealth Advisors LLC. raised its stake in Exxon Mobil by 29.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after buying an additional 1,595 shares during the last quarter. Capital City Trust Co. FL boosted its holdings in Exxon Mobil by 0.8% in the fourth quarter. Capital City Trust Co. FL now owns 43,394 shares of the oil and gas company’s stock worth $4,668,000 after acquiring an additional 346 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $335,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Exxon Mobil Trading Up 0.1%

Exxon Mobil stock opened at $108.41 on Thursday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market cap of $467.21 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.17 and a beta of 0.49. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $106.92 and a two-hundred day simple moving average of $108.54.

Exxon Mobil (NYSE:XOM) last announced 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business posted $2.06 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s payout ratio is 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.