New England Investment & Retirement Group Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,703 shares of the oil and gas company’s stock after buying an additional 257 shares during the quarter. New England Investment & Retirement Group Inc.’s holdings in Exxon Mobil were worth $542,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Horan Securities Inc. boosted its holdings in shares of Exxon Mobil by 110.6% during the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 313 shares during the period. Clark Financial Advisors purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $28,000. Mach 1 Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter worth about $29,000. Bellwether Advisors LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $32,000. Finally, Canton Hathaway LLC lifted its holdings in Exxon Mobil by 500.0% in the first quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock worth $40,000 after buying an additional 600 shares during the period. 50.90% of the stock is currently owned by hedge funds and other institutional investors.
XOM has been the subject of a number of analyst reports. Barclays raised their target price on shares of Exxon Mobil from $50.00 to $65.00 in a research note on Friday, February 26th. MKM Partners raised their target price on shares of Exxon Mobil from $56.00 to $60.00 in a research note on Thursday, March 4th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $53.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, March 2nd. Truist raised their price target on shares of Exxon Mobil from $60.00 to $64.00 in a research report on Monday. Finally, JPMorgan Chase & Co. set a $74.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. Exxon Mobil has an average rating of “Hold” and a consensus target price of $55.81.
Exxon Mobil stock traded up $0.05 during trading hours on Tuesday, hitting $58.87. The company had a trading volume of 166,997 shares, compared to its average volume of 29,012,047. The company has a 50-day moving average price of $56.85 and a two-hundred day moving average price of $47.38. Exxon Mobil Co. has a 1 year low of $31.11 and a 1 year high of $62.55. The firm has a market cap of $249.23 billion, a P/E ratio of 35.01 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 (NYSE:XOM) last announced its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The firm had revenue of $59.15 billion during the quarter, compared to analysts’ expectations of $55.36 billion. During the same quarter in the prior year, the company earned ($0.14) EPS. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post -0.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.91%. Exxon Mobil’s payout ratio is 154.67%.
About Exxon Mobil
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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