Patton Fund Management Inc. Boosts Stock Holdings in Exxon Mobil ... - MarketBeat

Patton Fund Management Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Get Rating) by 19.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,186 shares of the oil and gas company's stock after purchasing an additional 4,959 shares during the period. Exxon Mobil makes up approximately 0.9% of Patton Fund Management Inc.'s portfolio, making the stock its 27th largest position. Patton Fund Management Inc.'s holdings in Exxon Mobil were worth $3,310,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $27,000. Corrado Advisors LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $28,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $36,000. Align Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $38,000. Finally, Financial Connections Group Inc. lifted its position in shares of Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company's stock valued at $40,000 after acquiring an additional 338 shares during the period. 58.59% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.7 %

XOM stock opened at $105.13 on Tuesday. The stock has a market capitalization of $425.04 billion, a P/E ratio of 7.12, a PEG ratio of 0.61 and a beta of 1.09. The company has a 50 day moving average price of $109.14 and a two-hundred day moving average price of $109.76. Exxon Mobil Co. has a one year low of $80.69 and a one year high of $119.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46.

Exxon Mobil (NYSE:XOM - Get Rating) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.18. The company had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. Exxon Mobil's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $2.07 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.46%. Exxon Mobil's dividend payout ratio (DPR) is presently 24.64%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. The Goldman Sachs Group downgraded shares of Exxon Mobil from a "buy" rating to a "neutral" rating and set a $125.00 price target for the company. in a research report on Monday, May 1st. Jefferies Financial Group reduced their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Scotiabank cut shares of Exxon Mobil from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They set a "hold" rating for the company. Finally, Truist Financial raised their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.70.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.