Private Capital Management LLC Acquires 3,021 Shares of Exxon Mobil Co. (NYSE:XOM)

Private Capital Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 135.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,251 shares of the oil and gas company’s stock after buying an additional 3,021 shares during the period. Private Capital Management LLC’s holdings in Exxon Mobil were worth $610,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dupree Financial Group LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $378,000. Intact Investment Management Inc. raised its position in Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after buying an additional 47,400 shares during the last quarter. AJOVista LLC bought a new position in Exxon Mobil during the 4th quarter valued at $312,000. Kinsale Capital Group Inc. boosted its holdings in Exxon Mobil by 33.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after acquiring an additional 9,657 shares during the last quarter. Finally, Buckingham Capital Management Inc. grew its stake in shares of Exxon Mobil by 24.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after acquiring an additional 2,040 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM stock traded down $0.56 during mid-day trading on Friday, reaching $118.17. 10,055,523 shares of the company traded hands, compared to its average volume of 17,220,250. The company has a fifty day moving average price of $114.69 and a 200-day moving average price of $113.33. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market capitalization of $465.95 billion, a P/E ratio of 14.48, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. HSBC increased their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company cut their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Mizuho boosted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $134.39.

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.