Capital Management Associates NY Takes Position in Exxon Mobil Co. (NYSE:XOM)

Capital Management Associates NY purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 11,152 shares of the oil and gas company’s stock, valued at approximately $1,284,000. Exxon Mobil comprises about 1.5% of Capital Management Associates NY’s holdings, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Gilbert & Cook Inc. lifted its stake in shares of Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after acquiring an additional 545 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in shares of Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after acquiring an additional 984 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in Exxon Mobil by 42.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after purchasing an additional 5,565 shares during the period. Fiera Capital Corp purchased a new position in Exxon Mobil during the 4th quarter worth $665,000. Finally, Trillium Asset Management LLC increased its holdings in Exxon Mobil by 127.2% during the 4th quarter. Trillium Asset Management LLC now owns 6,386 shares of the oil and gas company’s stock worth $638,000 after purchasing an additional 3,575 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.1 %

Exxon Mobil stock opened at $111.15 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $438.27 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a fifty day moving average price of $115.66 and a 200-day moving average price of $114.98.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Truist Financial reduced their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Barclays reduced their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Finally, Wells Fargo & Company reduced their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.29.

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.