Affinity Investment Advisors LLC Purchases 9,507 Shares of Exxon Mobil Co. (NYSE:XOM)

Affinity Investment Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 44.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,698 shares of the oil and gas company’s stock after purchasing an additional 9,507 shares during the quarter. Exxon Mobil accounts for approximately 2.6% of Affinity Investment Advisors LLC’s portfolio, making the stock its 3rd largest holding. Affinity Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,568,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Root Financial Partners LLC lifted its position in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 199 shares in the last quarter. RNC Capital Management LLC lifted its holdings in Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Dupree Financial Group LLC purchased a new position in Exxon Mobil in the 4th quarter valued at $378,000. Intact Investment Management Inc. lifted its holdings in Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares in the last quarter. Finally, AJOVista LLC purchased a new position in Exxon Mobil in the 4th quarter valued at $312,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Scotiabank boosted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday. Barclays reduced their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $1.01 during midday trading on Thursday, hitting $112.93. 6,524,897 shares of the company’s stock were exchanged, compared to its average volume of 17,914,240. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a market cap of $445.28 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91. The firm’s 50 day simple moving average is $114.28 and its 200 day simple moving average is $110.32.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the business posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 9.18 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil 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 sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.