Bouchey Financial Group Ltd acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,070 shares of the oil and gas company’s stock, valued at approximately $1,077,000. Exxon Mobil accounts for about 1.2% of Bouchey Financial Group Ltd’s investment portfolio, making the stock its 14th largest holding.
A number of other hedge funds have also bought and sold shares of XOM. tru Independence LLC bought a new stake in Exxon Mobil during the second quarter worth about $43,000. Mizuho Securities Co. Ltd. raised its holdings in Exxon Mobil by 243.6% during the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 536 shares in the last quarter. Baldrige Asset Management LLC bought a new stake in Exxon Mobil during the second quarter worth about $50,000. USA Financial Portformulas Corp acquired a new position in Exxon Mobil during the second quarter worth approximately $57,000. Finally, Danda Trouve Investment Management Inc. increased its position in Exxon Mobil by 104.5% during the second quarter. Danda Trouve Investment Management Inc. now owns 1,184 shares of the oil and gas company’s stock worth $75,000 after buying an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 51.73% of the company’s stock.
NYSE:XOM traded up $2.08 during trading hours on Monday, hitting $59.67. 1,124,270 shares of the company were exchanged, compared to its average volume of 25,191,336. The stock has a market capitalization of $252.62 billion, a price-to-earnings ratio of -18.52, a PEG ratio of 0.69 and a beta of 1.44. Exxon Mobil Co. has a 52-week low of $31.11 and a 52-week high of $64.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.85 and a quick ratio of 0.54. The company’s 50 day moving average price is $55.94 and its 200-day moving average price is $58.25.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.83%. The ex-dividend date was Thursday, August 12th. Exxon Mobil’s payout ratio is -1,054.55%.
A number of brokerages have recently commented on XOM. Royal Bank of Canada reiterated a “sell” rating and issued a $60.00 price target on shares of Exxon Mobil in a research note on Wednesday, June 2nd. BMO Capital Markets assumed coverage on shares of Exxon Mobil in a research report on Monday, July 12th. They set a “market perform” rating and a $69.00 target price on the stock. Tudor Pickering restated a “buy” rating and set a C$48.00 price target on shares of Exxon Mobil in a research report on Friday, June 4th. boosted their price target on shares of Exxon Mobil from $56.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, July 1st. Finally, HSBC reduced their price target on shares of Exxon Mobil from $65.00 to $57.00 and set a “hold” rating on the stock in a research report on Thursday, July 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.94.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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