Exxon Mobil Corporation (NYSE:XOM) Shares Bought by DMKC Advisory Services LLC

DMKC Advisory Services LLC raised its position in Exxon Mobil Corporation (NYSE:XOM) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 18,239 shares of the oil and gas company’s stock after acquiring an additional 396 shares during the quarter. Exxon Mobil comprises approximately 2.0% of DMKC Advisory Services LLC’s holdings, making the stock its 16th largest position. DMKC Advisory Services LLC’s holdings in Exxon Mobil were worth $2,169,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XOM. Norges Bank purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $6,936,737,000. GAMMA Investing LLC boosted its stake in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after buying an additional 5,538,694 shares during the period. Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $114.81 on Friday. The company has a market capitalization of $494.77 billion, a P/E ratio of 15.23, a PEG ratio of 2.29 and a beta of 0.49. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The business has a 50 day simple moving average of $106.56 and a 200-day simple moving average of $108.60. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the company earned $2.06 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XOM. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Scotiabank dropped their price target 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. Finally, Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

About Exxon Mobil

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.