Ballew Advisors Inc Invests $368,000 in ExxonMobil (XOM)
Ballew Advisors Inc acquired a new position in ExxonMobil (NYSE:XOM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,403 shares of the oil and gas company’s stock, valued at approximately $368,000.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in ExxonMobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC increased its stake in ExxonMobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Stifel Financial Corp increased its stake in ExxonMobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after buying an additional 3,764,256 shares in the last quarter. APG Asset Management N.V. increased its stake in ExxonMobil by 22.2% in the 4th quarter. APG Asset Management N.V. now owns 16,887,241 shares of the oil and gas company’s stock worth $1,176,257,000 after buying an additional 3,068,500 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in ExxonMobil by 34.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,841,645 shares of the oil and gas company’s stock worth $810,213,000 after buying an additional 2,539,700 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.
Shares of NYSE:XOM opened at $77.79 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. ExxonMobil has a 12 month low of $72.15 and a 12 month high of $89.30. The stock has a market capitalization of $336,878.22, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Monday, May 14th will be issued a $0.82 dividend. This is an increase from ExxonMobil’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, May 11th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.22%. ExxonMobil’s dividend payout ratio (DPR) is presently 85.79%.
A number of equities research analysts have issued reports on XOM shares. Vetr lowered ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $87.14 price target for the company. in a research note on Tuesday, February 27th. Jefferies Group set a $90.00 price target on ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, January 19th. Barclays reiterated a “sell” rating and issued a $84.00 price target on shares of ExxonMobil in a research note on Tuesday, February 20th. Societe Generale reiterated a “buy” rating and issued a $87.00 price target on shares of ExxonMobil in a research note on Tuesday, March 13th. Finally, JPMorgan Chase set a $83.00 price objective on ExxonMobil and gave the company a “neutral” rating in a research report on Monday, January 8th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. ExxonMobil presently has a consensus rating of “Hold” and an average target price of $86.64.
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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