Exxon Mobil Co. (NYSE:XOM) Shares Bought by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,422 shares of the oil and gas company’s stock after purchasing an additional 1,277 shares during the period. Bourgeon Capital Management LLC’s holdings in Exxon Mobil were worth $2,258,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. PFS Partners LLC boosted its position in shares of Exxon Mobil by 0.5% in the 1st 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 during the period. Auxier Asset Management boosted its position in shares of Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after purchasing an additional 97 shares during the period. Boltwood Capital Management boosted its position in shares of Exxon Mobil by 0.4% in the 4th quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after purchasing an additional 98 shares during the period. Stolper Co boosted its position in shares of Exxon Mobil by 0.4% in the 1st quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock valued at $2,768,000 after purchasing an additional 98 shares during the period. Finally, CMG Global Holdings LLC boosted its position in shares of Exxon Mobil by 0.4% in the 4th quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock valued at $2,483,000 after purchasing an additional 99 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.76 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market capitalization of $452.50 billion, a P/E ratio of 14.06, a PEG ratio of 4.15 and a beta of 0.91. The business has a 50 day moving average price of $114.88 and a 200 day moving average price of $109.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the business earned $2.83 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 9.23 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Scotiabank increased their price objective 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. Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Wells Fargo & Company increased their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was 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 owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

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.