Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Park Place Capital Corp

Park Place Capital Corp raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 19.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,755 shares of the oil and gas company’s stock after purchasing an additional 1,894 shares during the quarter. Park Place Capital Corp’s holdings in Exxon Mobil were worth $1,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of XOM. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $80,000. Neo Ivy Capital Management acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter worth $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $114.18 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $450.21 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The firm’s fifty day simple moving average is $115.14 and its two-hundred day simple moving average is $109.82.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.83 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. UBS Group increased their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. TD Cowen increased their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.