Sivia Capital Partners LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Sivia Capital Partners LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,030 shares of the oil and gas company’s stock after acquiring an additional 987 shares during the period. Exxon Mobil comprises approximately 0.6% of Sivia Capital Partners LLC’s holdings, making the stock its 25th largest position. Sivia Capital Partners LLC’s holdings in Exxon Mobil were worth $1,312,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XOM. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the 4th quarter valued at $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Morgan Stanley cut their price objective 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. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Trading Up 2.4%

Shares of XOM stock opened at $104.29 on Friday. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. 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 market capitalization of $449.45 billion, a PE ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49. The stock has a fifty day simple moving average of $105.42 and a two-hundred day simple moving average of $109.11.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the business posted $2.06 EPS. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil’s payout ratio is presently 52.52%.

Exxon Mobil 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.