Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,456 shares of the oil and gas company’s stock after purchasing an additional 217 shares during the period. Thrive Wealth Management LLC’s holdings in Exxon Mobil were worth $1,434,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in XOM. Root Financial Partners LLC boosted its stake in shares of Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 199 shares during the period. Dupree Financial Group LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $378,000. Intact Investment Management Inc. boosted its stake in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares during the period. AJOVista LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $312,000. Finally, Kinsale Capital Group Inc. boosted its stake in shares of Exxon Mobil by 33.0% in the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after purchasing an additional 9,657 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $0.96 during trading hours on Friday, hitting $118.85. 12,151,867 shares of the company traded hands, compared to its average volume of 17,399,568. The firm’s 50-day simple moving average is $114.17 and its two-hundred day simple moving average is $112.83. The firm has a market cap of $468.63 billion, a P/E ratio of 14.56, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the company posted $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

Several research analysts have recently weighed in on XOM shares. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. UBS Group increased their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Profile

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.