Exxon Mobil Co. (NYSE:XOM) Position Boosted by Hudson Value Partners LLC

Hudson Value Partners LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,595 shares of the oil and gas company’s stock after acquiring an additional 400 shares during the quarter. Hudson Value Partners LLC’s holdings in Exxon Mobil were worth $767,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after purchasing an additional 86 shares in the last quarter. PFS Partners LLC grew its stake in Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares in the last quarter. Bay Rivers Group increased its position in shares of Exxon Mobil by 2.5% during the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock worth $436,000 after purchasing an additional 90 shares during the last quarter. Gilbert & Cook Inc. raised its stake in shares of Exxon Mobil by 0.4% during the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock worth $2,972,000 after purchasing an additional 91 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Exxon Mobil by 0.8% in the 1st quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock valued at $1,302,000 after buying an additional 93 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.65 during trading hours on Friday, reaching $118.15. 3,247,122 shares of the company were exchanged, compared to its average volume of 17,677,205. The business has a 50 day moving average of $114.17 and a 200 day moving average of $110.86. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of $465.87 billion, a P/E ratio of 14.48, a P/E/G ratio of 4.46 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the company posted $2.83 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 8.8 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

A number of brokerages recently weighed in on XOM. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday. They set an “outperform” rating and a $146.00 price objective on the stock. Mizuho raised their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $134.94.

Exxon Mobil Company 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.