Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. grew its position in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,623 shares of the oil and gas company’s stock after purchasing an additional 385 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Exxon Mobil were worth $2,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Rock Investment Company LLC raised its holdings in shares of Exxon Mobil by 2.6% in the 1st quarter. Eagle Rock Investment Company LLC now owns 6,445 shares of the oil and gas company’s stock valued at $767,000 after purchasing an additional 162 shares in the last quarter. McNamara Financial Services Inc. raised its holdings in shares of Exxon Mobil by 47.2% in the 1st quarter. McNamara Financial Services Inc. now owns 5,649 shares of the oil and gas company’s stock valued at $672,000 after purchasing an additional 1,812 shares in the last quarter. Sandbox Financial Partners LLC raised its holdings in shares of Exxon Mobil by 0.5% in the 1st quarter. Sandbox Financial Partners LLC now owns 27,197 shares of the oil and gas company’s stock valued at $3,235,000 after purchasing an additional 128 shares in the last quarter. Procyon Advisors LLC raised its holdings in shares of Exxon Mobil by 8.8% in the 1st quarter. Procyon Advisors LLC now owns 99,183 shares of the oil and gas company’s stock valued at $11,690,000 after purchasing an additional 7,989 shares in the last quarter. Finally, Unique Wealth LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $219,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank cut their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Trading Up 2.4%

NYSE XOM opened at $104.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $449.45 billion, a PE ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51. The firm’s fifty day moving average is $105.42 and its two-hundred day moving average is $109.19. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $2.06 EPS. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 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.