Bowling Portfolio Management LLC Purchases 20,492 Shares of Exxon Mobil Co. (NYSE:XOM)

Bowling Portfolio Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 60.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,603 shares of the oil and gas company’s stock after purchasing an additional 20,492 shares during the period. Exxon Mobil comprises about 1.0% of Bowling Portfolio Management LLC’s investment portfolio, making the stock its 19th largest position. Bowling Portfolio Management LLC’s holdings in Exxon Mobil were worth $4,510,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC grew its position in Exxon Mobil by 19.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 80,324 shares of the oil and gas company’s stock valued at $4,915,000 after acquiring an additional 13,073 shares during the period. Green Square Capital Advisors LLC grew its position in Exxon Mobil by 3.4% in the fourth quarter. Green Square Capital Advisors LLC now owns 41,690 shares of the oil and gas company’s stock valued at $2,551,000 after acquiring an additional 1,352 shares during the period. Allied Investment Advisors LLC grew its position in Exxon Mobil by 0.5% in the first quarter. Allied Investment Advisors LLC now owns 121,494 shares of the oil and gas company’s stock valued at $10,034,000 after acquiring an additional 618 shares during the period. EP Wealth Advisors LLC grew its position in Exxon Mobil by 0.8% in the fourth quarter. EP Wealth Advisors LLC now owns 517,240 shares of the oil and gas company’s stock valued at $31,650,000 after acquiring an additional 4,314 shares during the period. Finally, Byrne Asset Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $301,000. Hedge funds and other institutional investors own 54.07% of the company’s stock.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

A number of analysts have weighed in on the company. Wells Fargo & Company upped their price target on Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, March 11th. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $115.00 to $125.00 in a research note on Tuesday. JPMorgan Chase & Co. set a $100.00 price objective on Exxon Mobil in a research note on Tuesday, March 29th. Morgan Stanley boosted their price objective on Exxon Mobil from $103.00 to $107.00 and gave the stock an “overweight” rating in a research note on Monday, June 6th. Finally, Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and an average price target of $89.24.

NYSE:XOM opened at $87.86 on Thursday. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The business’s 50-day moving average price is $91.53 and its two-hundred day moving average price is $80.64. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $370.11 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.35 and a beta of 1.05.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. During the same period in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was up 53.0% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 4.01%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

Exxon Mobil Company Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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