Birmingham Capital Management Co. Inc. AL increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,566 shares of the oil and gas company’s stock after purchasing an additional 850 shares during the period. Exxon Mobil accounts for 1.5% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 23rd largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Exxon Mobil were worth $3,175,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Massey Quick Simon & CO. LLC grew its stake in Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 469 shares during the last quarter. Cerebellum GP LLC boosted its position in shares of Exxon Mobil by 3,424.1% in the fourth quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 993 shares during the last quarter. NuWave Investment Management LLC boosted its position in shares of Exxon Mobil by 9,100.0% in the fourth quarter. NuWave Investment Management LLC now owns 1,472 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 1,456 shares during the last quarter. Colrain Capital LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $101,000. Finally, CenterStar Asset Management LLC raised its holdings in Exxon Mobil by 120.3% in the fourth quarter. CenterStar Asset Management LLC now owns 1,539 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 9,139 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.
Shares of NYSE XOM traded down $0.33 during midday trading on Friday, reaching $74.35. 8,149,260 shares of the company traded hands, compared to its average volume of 11,863,463. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock has a market cap of $313.23 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.52 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 13th were given a $0.87 dividend. The ex-dividend date was Friday, May 10th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 annualized dividend and a yield of 4.68%. Exxon Mobil’s payout ratio is 70.59%.
A number of analysts have recently issued reports on XOM shares. Bank of America set a $105.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Thursday, March 7th. HSBC reiterated a “buy” rating and set a $86.50 price objective on shares of Exxon Mobil in a research note on Wednesday, February 20th. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of Exxon Mobil in a research note on Tuesday, February 19th. Morgan Stanley began coverage on shares of Exxon Mobil in a research note on Monday, April 1st. They set an “equal weight” rating and a $84.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.81.
In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total transaction of $460,559.22. Following the sale, the vice president now owns 219,423 shares in the company, valued at approximately $16,750,751.82. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.05% of the stock is currently owned by insiders.
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Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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