Exxon Mobil Co. (NYSE:XOM) Position Increased by Clarity Asset Management Inc.

Clarity Asset Management Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 437 shares of the oil and gas company’s stock after buying an additional 100 shares during the period. Clarity Asset Management Inc.’s holdings in Exxon Mobil were worth $47,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $104.57 on Thursday. The firm has a fifty day moving average price of $109.00 and a two-hundred day moving average price of $111.40. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $452.30 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the company posted $2.06 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is 52.52%.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Barclays cut their price objective on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Monday. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. 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 research report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $125.85.

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.