MBE Wealth Management LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

MBE Wealth Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,066 shares of the oil and gas company’s stock after buying an additional 188 shares during the period. MBE Wealth Management LLC’s holdings in Exxon Mobil were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 0.3% in 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 purchasing an additional 1,269,495 shares during the period. Norges Bank purchased a new position in Exxon Mobil in the fourth quarter valued at $5,519,753,000. Price T Rowe Associates Inc. MD boosted its holdings in Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. Capital International Investors boosted its holdings in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Finally, Capital Research Global Investors boosted 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 valued at $1,838,462,000 after purchasing an additional 1,037,226 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM traded up $0.06 during midday trading on Wednesday, reaching $114.64. 1,449,051 shares of the stock were exchanged, compared to its average volume of 17,082,602. The business’s 50-day moving average price is $114.85 and its 200 day moving average price is $113.67. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a market capitalization of $452.03 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 4.51 and a beta of 0.91. 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 (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on XOM shares. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. 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. Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.