Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by PCG Asset Management LLC

PCG Asset Management LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.9% in the 1st quarter, HoldingsChannel reports. The firm owned 6,260 shares of the oil and gas company’s stock after purchasing an additional 235 shares during the period. PCG Asset Management LLC’s holdings in Exxon Mobil were worth $715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. boosted its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XOM shares. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $125.26.

Exxon Mobil Stock Performance

NYSE XOM opened at $106.79 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $109.89 and its two-hundred day moving average is $108.96. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market capitalization of $455.27 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 EPS. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Exxon Mobil Profile

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.