Nearwater Capital Markets Ltd Invests $27.97 Million in Exxon Mobil Co. (NYSE:XOM)

Nearwater Capital Markets Ltd acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 260,000 shares of the oil and gas company’s stock, valued at approximately $27,968,000.

Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.45 on Wednesday. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock’s 50-day moving average is $109.08 and its two-hundred day moving average is $111.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $471.69 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. Exxon Mobil’s payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on XOM shares. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays decreased their target price on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

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.