Emerald Advisors LLC Has $425,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Emerald Advisors LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,690 shares of the oil and gas company’s stock after buying an additional 269 shares during the quarter. Emerald Advisors LLC’s holdings in Exxon Mobil were worth $425,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XOM. Vanguard Group Inc. boosted its position in Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after acquiring an additional 1,269,495 shares during the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $5,519,753,000. Price T Rowe Associates Inc. MD grew its stake in Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. Capital International Investors grew its stake in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Finally, Capital Research Global Investors increased its holdings in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after purchasing an additional 1,037,226 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.8 %

Shares of XOM stock traded down $0.97 on Tuesday, hitting $118.03. The stock had a trading volume of 4,240,762 shares, compared to its average volume of 17,287,912. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The business has a 50 day moving average of $114.27 and a 200 day moving average of $113.05. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $465.39 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted 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. The firm had revenue of $93.06 billion for 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 company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 EPS. As a group, analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

Several analysts have recently weighed in on XOM shares. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. UBS Group upped their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. 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 stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target 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.