APCM Wealth Management for Individuals increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 15.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,669 shares of the oil and gas company’s stock after purchasing an additional 1,032 shares during the period. APCM Wealth Management for Individuals’ holdings in Exxon Mobil were worth $428,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Cordasco Financial Network boosted its stake in Exxon Mobil by 9.7% in the 1st quarter. Cordasco Financial Network now owns 3,999 shares of the oil and gas company’s stock valued at $223,000 after buying an additional 352 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Exxon Mobil by 9.6% in the 1st quarter. Acropolis Investment Management LLC now owns 28,028 shares of the oil and gas company’s stock valued at $1,565,000 after buying an additional 2,455 shares in the last quarter. First National Bank Sioux Falls boosted its stake in Exxon Mobil by 32.0% in the 1st quarter. First National Bank Sioux Falls now owns 11,437 shares of the oil and gas company’s stock valued at $638,000 after buying an additional 2,772 shares in the last quarter. Jackson Wealth Management LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at $290,000. Finally, Highland Private Wealth Management acquired a new position in Exxon Mobil in the first quarter worth $276,000. 50.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE XOM traded up $1.99 during trading hours on Wednesday, reaching $57.70. 593,879 shares of the stock were exchanged, compared to its average volume of 30,420,844. The firm has a market capitalization of $244.27 billion, a price-to-earnings ratio of 33.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. Exxon Mobil Co. has a 52 week low of $31.11 and a 52 week high of $62.55. The stock’s fifty day simple moving average is $57.50 and its 200 day simple moving average is $45.14.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date was Tuesday, February 9th. Exxon Mobil’s payout ratio is 154.67%.
In other Exxon Mobil news, Director Michael J. Angelakis bought 25,000 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were purchased at an average price of $57.16 per share, for a total transaction of $1,429,000.00. Following the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at $457,280. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.05% of the company’s stock.
A number of research firms have commented on XOM. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective on shares of Exxon Mobil in a research note on Tuesday, March 16th. MKM Partners upped their price target on Exxon Mobil from $56.00 to $60.00 in a research note on Thursday, March 4th. Barclays upped their price target on Exxon Mobil from $50.00 to $65.00 in a research note on Friday, February 26th. Jefferies Financial Group raised Exxon Mobil from an “underperform” rating to a “hold” rating and set a $55.00 price target on the stock in a research note on Monday. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and set a $58.00 price target on the stock in a research note on Thursday, March 11th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.26.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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