Exxon Mobil Co. (NYSE:XOM) Stock Position Lifted by FSA Advisors Inc.

FSA Advisors Inc. boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,902 shares of the oil and gas company’s stock after buying an additional 127 shares during the quarter. FSA Advisors Inc.’s holdings in Exxon Mobil were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XOM. PrairieView Partners LLC increased its position in Exxon Mobil by 17.6% in the 2nd quarter. PrairieView Partners LLC now owns 1,336 shares of the oil and gas company’s stock worth $153,000 after purchasing an additional 200 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in Exxon Mobil by 14.6% in the second quarter. Crestwood Advisors Group LLC now owns 132,824 shares of the oil and gas company’s stock worth $15,291,000 after buying an additional 16,966 shares during the last quarter. Augustine Asset Management Inc. raised its position in Exxon Mobil by 34.5% during the second quarter. Augustine Asset Management Inc. now owns 8,492 shares of the oil and gas company’s stock valued at $978,000 after acquiring an additional 2,179 shares in the last quarter. Eukles Asset Management lifted its stake in Exxon Mobil by 4.7% in the second quarter. Eukles Asset Management now owns 3,582 shares of the oil and gas company’s stock valued at $412,000 after acquiring an additional 161 shares during the last quarter. Finally, LCM Capital Management Inc grew its position in Exxon Mobil by 1.7% in the second quarter. LCM Capital Management Inc now owns 11,088 shares of the oil and gas company’s stock worth $1,276,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.05 on Thursday. The firm’s 50-day moving average is $116.02 and its 200-day moving average is $114.67. The company has a market cap of $449.70 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 4.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. During the same period in the previous year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XOM shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Truist Financial cut their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Barclays decreased their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Wolfe Research started coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.29.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.