Crown Wealth Group LLC Purchases 295 Shares of Exxon Mobil Corporation (NYSE:XOM)

Crown Wealth Group LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 5.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,583 shares of the oil and gas company’s stock after buying an additional 295 shares during the period. Crown Wealth Group LLC’s holdings in Exxon Mobil were worth $664,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $55,000. Legacy Trust grew its stake in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after purchasing an additional 997 shares in the last quarter. Renasant Bank grew its stake in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV grew its stake in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company’s stock valued at $1,532,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Mizuho reduced 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. Finally, UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.10.

Exxon Mobil Stock Performance

NYSE:XOM opened at $109.20 on Wednesday. The stock has a market cap of $470.61 billion, a P/E ratio of 14.48, a PEG ratio of 2.09 and a beta of 0.50. The stock has a 50 day simple moving average of $107.10 and a 200 day simple moving average of $108.44. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 EPS. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 3.63%. Exxon Mobil’s dividend 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.