Exxon Mobil Co. (NYSE:XOM) is Enzi Wealth’s 5th Largest Position

Enzi Wealth lifted its position in Exxon Mobil Co. (NYSE:XOM) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,566 shares of the oil and gas company’s stock after buying an additional 115 shares during the quarter. Exxon Mobil makes up 7.1% of Enzi Wealth’s investment portfolio, making the stock its 5th largest holding. Enzi Wealth’s holdings in Exxon Mobil were worth $16,163,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Focus Financial Network Inc. boosted its position in Exxon Mobil by 11.5% in the 2nd quarter. Focus Financial Network Inc. now owns 35,171 shares of the oil and gas company’s stock valued at $4,137,000 after buying an additional 3,633 shares during the period. Hobbs Group Advisors LLC purchased a new position in Exxon Mobil in the second quarter valued at $1,430,000. Sanibel Captiva Trust Company Inc. increased its holdings in Exxon Mobil by 0.3% during the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 167,216 shares of the oil and gas company’s stock worth $19,250,000 after purchasing an additional 489 shares during the period. LongView Wealth Management raised its position in Exxon Mobil by 4.7% in the 2nd quarter. LongView Wealth Management now owns 24,126 shares of the oil and gas company’s stock valued at $2,777,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Canton Hathaway LLC boosted its stake in shares of Exxon Mobil by 33.8% in the 2nd quarter. Canton Hathaway LLC now owns 963 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 243 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Barclays decreased their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Stock Performance

NYSE XOM traded down $3.95 during trading on Tuesday, reaching $114.58. The company’s stock had a trading volume of 15,589,817 shares, compared to its average volume of 17,180,271. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market cap of $451.79 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 4.51 and a beta of 0.91. The business’s fifty day moving average price is $114.80 and its 200-day moving average price is $113.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current fiscal 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 given a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.