Exxon Mobil Co. (NYSE:XOM) Shares Bought by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,241 shares of the oil and gas company’s stock after purchasing an additional 1,194 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Exxon Mobil were worth $1,218,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $32,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at $36,000. Finally, Compass Planning Associates Inc purchased a new stake in Exxon Mobil during the 4th quarter worth about $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $102.10 on Thursday. The stock has a 50-day simple moving average of $107.50 and a 200-day simple moving average of $110.02. The firm has a market cap of $440.01 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 net margin of 9.63% and a return on equity of 12.92%. 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 firm earned $2.06 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.