Foster Victor Wealth Advisors LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Foster Victor Wealth Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 18.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,270 shares of the oil and gas company’s stock after buying an additional 2,330 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,772,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Carmel Capital Partners LLC grew its position 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 worth $1,022,000 after purchasing an additional 86 shares during the last quarter. PFS Partners LLC grew its position 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 worth $2,190,000 after purchasing an additional 89 shares during the last quarter. Bay Rivers Group grew its position 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 worth $436,000 after purchasing an additional 90 shares during the last quarter. WPWealth LLP grew its position 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 worth $1,011,000 after purchasing an additional 90 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its position 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 worth $2,972,000 after purchasing an additional 91 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on XOM shares. Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. UBS Group raised their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.39.

Exxon Mobil Price Performance

NYSE:XOM opened at $118.17 on Friday. The firm has a market cap of $465.95 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $114.69 and its two-hundred day moving average price is $113.39.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.