HF Advisory Group LLC Boosts Position in Exxon Mobil Co. (NYSE:XOM)

by · The Cerbat Gem

HF Advisory Group LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 22,642 shares of the oil and gas company’s stock after buying an additional 3,210 shares during the period. Exxon Mobil makes up about 1.2% of HF Advisory Group LLC’s investment portfolio, making the stock its 24th largest position. HF Advisory Group LLC’s holdings in Exxon Mobil were worth $2,693,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Warren Street Wealth Advisors LLC raised its holdings in Exxon Mobil by 18.1% in the first quarter. Warren Street Wealth Advisors LLC now owns 3,715 shares of the oil and gas company’s stock valued at $442,000 after buying an additional 569 shares during the period. Lifestyle Asset Management Inc. raised its stake in shares of Exxon Mobil by 2.3% during the first quarter. Lifestyle Asset Management Inc. now owns 62,230 shares of the oil and gas company’s stock valued at $7,401,000 after purchasing an additional 1,416 shares during the period. Matrix Trust Co raised its stake in shares of Exxon Mobil by 4.2% during the first quarter. Matrix Trust Co now owns 23,122 shares of the oil and gas company’s stock valued at $2,750,000 after purchasing an additional 942 shares during the period. Johnson & White Wealth Management LLC raised its stake in shares of Exxon Mobil by 2.1% during the first quarter. Johnson & White Wealth Management LLC now owns 12,268 shares of the oil and gas company’s stock valued at $1,459,000 after purchasing an additional 257 shares during the period. Finally, Park Edge Advisors LLC raised its stake in shares of Exxon Mobil by 3.5% during the first quarter. Park Edge Advisors LLC now owns 31,940 shares of the oil and gas company’s stock valued at $3,799,000 after purchasing an additional 1,070 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $102.33 on Thursday. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market cap of $441.01 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. 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 fifty day moving average of $106.06 and a 200-day moving average of $109.42.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XOM shares. Scotiabank dropped their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Check Out Our Latest Research Report on XOM

Exxon Mobil Company Profile

(Free Report)

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.

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