Carlton Hofferkamp & Jenks Wealth Management LLC raised its stake in Exxon Mobil Co. (NYSE: XOM – Get Rating) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,156 shares of the oil and gas company stock after purchasing an additional 1,650 shares during the quarter. Exxon Mobil accounts for about 4.0% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Exxon Mobil were worth $ 9,740,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Exxon Mobil by 0.4% during the fourth quarter. State Street Corp now owns 253,211,345 shares of oil and gas company stock valued at $ 15,494,002,000 after acquiring an additional 1,128,974 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Exxon Mobil by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of oil and gas company stock valued at $ 4,322,078,000 after acquiring an additional 3,441,825 shares during the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $ 3,184,424,000. GQG Partners LLC increased its position in shares of Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of oil and gas company stock valued at $ 1,982,114,000 after acquiring an additional 5,807,202 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Exxon Mobil by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of oil and gas company stock valued at $ 1,873,632,000 after acquiring an additional 164,733 shares during the last quarter. 54.07% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $ 96.65, for a total value of $ 241,625.00. Following the sale, the vice president now directly owns 32,510 shares of the company stock, valued at approximately $ 3,142,091.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $ 102.81, for a total value of $ 220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at $ 3,121,620.03. The disclosure for this sale can be found here. Insiders own 0.04% of the company stock.
XOM has been the subject of a number of research analyst reports. Cowen increased their price target on Exxon Mobil from $ 77.00 to $ 90.00 in a research report on Monday, May 2nd. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $ 88.00 to $ 120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $ 100.00 price objective on Exxon Mobil in a research report on Tuesday, March 29th. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $ 90.00 to $ 100.00 in a research report on Thursday, April 21st. Finally, Argus increased their price objective on Exxon Mobil from $ 92.00 to $ 104.00 in a research report on Monday, May 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $ 89.24.
Exxon Mobil stock opened at $ 91.48 on Wednesday. The stock’s 50 day simple moving average is $ 91.51 and its two-hundred day simple moving average is $ 80.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The stock has a market cap of $ 385.36 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.35 and a beta of 1.05. Exxon Mobil Co. has a fifty-two week low of $ 52.10 and a fifty-two week high of $ 105.57.
Exxon Mobil (NYSE: XOM – Get Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $ 2.07 earnings per share for the quarter, missing the estimate consensus of $ 2.25 by ($ 0.18). The firm had revenue of $ 90.50 billion for the quarter, compared to the consensus estimate of $ 83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business’s revenue was up 53.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $ 0.65 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were given a dividend of $ 0.88 per share. The ex-dividend date was Thursday, May 12th. This represents a $ 3.52 annualized dividend and a yield of 3.85%. Exxon Mobil’s payout ratio is 58.37%.
About Exxon Mobil: (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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