Capital Investment Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 43.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 173,124 shares of the oil and gas company’s stock after purchasing an additional 52,587 shares during the quarter. Exxon Mobil comprises approximately 0.9% of Capital Investment Advisors LLC’s holdings, making the stock its 29th biggest holding. Capital Investment Advisors LLC’s holdings in Exxon Mobil were worth $14,323,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Macroview Investment Management LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $102,000. Corbyn Investment Management Inc. MD acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $110,000. KHP Capital LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $111,000. Clearwater Capital Advisors LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $122,000. Finally, Trilogy Capital Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $149,000. Institutional investors own 52.60% of the company’s stock.
Several equities analysts recently weighed in on the stock. HSBC restated a “buy” rating and set a $96.00 target price on shares of Exxon Mobil in a report on Wednesday. Barclays restated a “sell” rating and set a $87.00 target price on shares of Exxon Mobil in a report on Tuesday. JPMorgan Chase & Co. restated a “neutral” rating and set a $93.00 target price on shares of Exxon Mobil in a report on Tuesday. Berenberg Bank assumed coverage on shares of Exxon Mobil in a report on Tuesday. They set a “hold” rating and a $84.00 target price on the stock. Finally, UBS Group set a $87.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, September 7th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $87.66.
Exxon Mobil stock opened at $82.32 on Friday. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30. The firm has a market cap of $351.12 billion, a P/E ratio of 22.93, a PEG ratio of 1.40 and a beta of 0.86. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The firm had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. During the same period last year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 26.6% on a year-over-year basis. equities analysts expect that Exxon Mobil Co. will post 4.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.
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 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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