MJP Associates Inc. ADV Has $1.28 Million Stake in Exxon Mobil Corporation (NYSE:XOM)

MJP Associates Inc. ADV grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 16.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,795 shares of the oil and gas company’s stock after buying an additional 1,521 shares during the period. MJP Associates Inc. ADV’s holdings in Exxon Mobil were worth $1,284,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter worth about $25,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at $45,000. Clarity Asset Management Inc. grew its position in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new position in Exxon Mobil during the fourth quarter worth $51,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $115.40 on Friday. The stock has a market cap of $497.33 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The stock has a 50-day moving average of $108.01 and a 200-day moving average of $108.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil’s payout ratio is 52.52%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Mizuho reduced 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 report on Tuesday, May 13th. UBS Group decreased 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, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $126.05.

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.