Delta Financial Group Inc. Acquires 155 Shares of Exxon Mobil Co. (NYSE:XOM)

Delta Financial Group Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,317 shares of the oil and gas company’s stock after acquiring an additional 155 shares during the period. Exxon Mobil comprises about 2.7% of Delta Financial Group Inc.’s investment portfolio, making the stock its 4th biggest holding. Delta Financial Group Inc.’s holdings in Exxon Mobil were worth $6,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Carmel Capital Partners LLC boosted its holdings in Exxon Mobil by 1.0% in the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after purchasing an additional 86 shares during the period. PFS Partners LLC boosted its holdings in Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares during the period. Bay Rivers Group boosted its holdings in Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 90 shares during the period. WPWealth LLP boosted its holdings in Exxon Mobil by 1.0% in the 1st quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after purchasing an additional 90 shares during the period. Finally, Gilbert & Cook Inc. boosted its holdings in Exxon Mobil by 0.4% in the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after purchasing an additional 91 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.1 %

XOM stock traded up $0.15 during mid-day trading on Monday, reaching $119.00. The company’s stock had a trading volume of 13,224,326 shares, compared to its average volume of 17,372,604. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $114.17 and its 200 day moving average price is $112.93. The company has a market cap of $469.22 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.19%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. UBS Group upped their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.39.

Exxon Mobil Company 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.