USA Financial Formulas Purchases 4,478 Shares of ExxonMobil Corporation $XOM

USA Financial Formulas boosted its position in ExxonMobil Corporation (NYSE:XOM) by 89,560.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,483 shares of the oil and gas company’s stock after purchasing an additional 4,478 shares during the period. USA Financial Formulas’ holdings in ExxonMobil were worth $761,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of XOM. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil during the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil in the fourth quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares in the last quarter. Aventus Investment Advisors Inc. acquired a new position in ExxonMobil in the second quarter valued at approximately $27,000. Finally, Key Capital Management INC acquired a new position in ExxonMobil in the fourth quarter valued at approximately $28,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Tuesday, August 4th. Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Barclays increased their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $163.29.

ExxonMobil Trading Up 0.9%

Shares of ExxonMobil stock opened at $160.08 on Friday. The stock has a market capitalization of $663.52 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.63 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $105.67 and a 52 week high of $176.41. The stock has a 50 day moving average price of $147.00 and a two-hundred day moving average price of $150.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, equities analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s payout ratio is presently 53.02%.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.