Donoghue Forlines LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Donoghue Forlines LLC bought a new position in Exxon Mobil Co. (NYSE:XOMGet Rating) during the 4th quarter, HoldingsChannel.com reports. The fund bought 17,490 shares of the oil and gas company’s stock, valued at approximately $1,070,000.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 67,373,181 shares of the oil and gas company’s stock valued at $3,952,468,000 after acquiring an additional 1,895,733 shares during the last quarter. Capital World Investors increased its holdings in shares of Exxon Mobil by 12.1% during the 3rd quarter. Capital World Investors now owns 30,346,436 shares of the oil and gas company’s stock valued at $1,784,977,000 after acquiring an additional 3,281,042 shares during the last quarter. GQG Partners LLC increased its holdings in shares of Exxon Mobil by 86.5% during the 3rd quarter. GQG Partners LLC now owns 26,589,951 shares of the oil and gas company’s stock valued at $1,563,874,000 after acquiring an additional 12,332,190 shares during the last quarter. Morgan Stanley increased its holdings in shares of Exxon Mobil by 6.3% during the 3rd quarter. Morgan Stanley now owns 22,887,012 shares of the oil and gas company’s stock valued at $1,346,215,000 after acquiring an additional 1,352,796 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Exxon Mobil by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,696,371 shares of the oil and gas company’s stock valued at $1,143,937,000 after acquiring an additional 444,276 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, March 11th. Argus raised their target price on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. TheStreet raised Exxon Mobil from a “c+” rating to a “b-” rating in a report on Wednesday, January 19th. JPMorgan Chase & Co. set a $100.00 target price on Exxon Mobil in a report on Tuesday, March 29th. Finally, Cowen raised their target price on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.77.

Shares of Exxon Mobil stock traded down $0.49 during midday trading on Wednesday, hitting $91.62. 864,479 shares of the company were exchanged, compared to its average volume of 31,808,490. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market cap of $385.95 billion, a P/E ratio of 15.28, a PEG ratio of 0.43 and a beta of 1.06. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $92.45. The firm has a 50 day simple moving average of $84.95 and a 200-day simple moving average of $74.92.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). The company had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. Exxon Mobil’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. Equities research analysts expect that Exxon Mobil Co. will post 10.16 earnings per share for the current year.

Exxon Mobil announced that its board has authorized a share buyback plan on Tuesday, February 1st that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the oil and gas company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.52 annualized dividend and a dividend yield of 3.84%. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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