Starfire Investment Advisers Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

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Starfire Investment Advisers Inc. bought a new position in Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,777 shares of the oil and gas company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Diligent Investors LLC acquired a new stake in Exxon Mobil in the second quarter worth approximately $219,000. Northwest Quadrant Wealth Management LLC lifted its position in shares of Exxon Mobil by 6.1% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 6,245 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 357 shares during the last quarter. Oak Asset Management LLC lifted its position in shares of Exxon Mobil by 1.5% during the 2nd quarter. Oak Asset Management LLC now owns 21,982 shares of the oil and gas company’s stock valued at $983,000 after acquiring an additional 327 shares during the last quarter. Compass Ion Advisors LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at $203,000. Finally, Inspirion Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 15.1% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 6,113 shares of the oil and gas company’s stock valued at $273,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 52.23% of the company’s stock.

Shares of NYSE XOM traded down $1.57 during mid-day trading on Thursday, reaching $41.57. The company had a trading volume of 810,580 shares, compared to its average volume of 23,742,476. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $77.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. The stock has a market capitalization of $182.83 billion, a PE ratio of 15.83 and a beta of 1.33. The stock’s 50 day moving average is $46.42 and its 200-day moving average is $51.41.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.49. The firm had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post -1.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 8.37%. The ex-dividend date was Tuesday, May 12th. Exxon Mobil’s payout ratio is 154.67%.

XOM has been the subject of a number of recent research reports. HSBC reiterated a “neutral” rating and set a $48.00 price objective on shares of Exxon Mobil in a research report on Thursday, March 12th. Mizuho cut their price objective on Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Wells Fargo & Co increased their price objective on Exxon Mobil from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley cut their price objective on Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. Finally, Argus downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $56.09.

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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