Carnegie Investment Counsel Purchases 8,592 Shares of Exxon Mobil Co. (NYSE:XOM)

Carnegie Investment Counsel lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 20.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,946 shares of the oil and gas company’s stock after buying an additional 8,592 shares during the quarter. Carnegie Investment Counsel’s holdings in Exxon Mobil were worth $5,750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after acquiring an additional 1,539 shares in the last quarter. Tennessee Valley Asset Management Partners increased its stake in shares of Exxon Mobil by 4.3% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 5,611 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 232 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter worth $546,000. Onyx Bridge Wealth Group LLC lifted its position in shares of Exxon Mobil by 2.5% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 10,900 shares of the oil and gas company’s stock worth $1,090,000 after buying an additional 268 shares during the last quarter. Finally, Heirloom Wealth Management boosted its stake in Exxon Mobil by 1.0% in the fourth quarter. Heirloom Wealth Management now owns 48,573 shares of the oil and gas company’s stock valued at $4,856,000 after buying an additional 494 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 2.7 %

Shares of NYSE:XOM traded down $3.19 during trading on Tuesday, reaching $115.34. 10,527,684 shares of the stock were exchanged, compared to its average volume of 17,148,410. The firm has a market cap of $454.79 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The stock has a fifty day moving average of $114.80 and a two-hundred day moving average of $113.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XOM shares. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. TD Cowen upped their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Barclays cut their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.56.

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.