1620 Investment Advisors Inc. Buys 1,122 Shares of Exxon Mobil Co. (NYSE:XOM)

1620 Investment Advisors Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,481 shares of the oil and gas company’s stock after purchasing an additional 1,122 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Exxon Mobil were worth $976,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Richard W. Paul & Associates LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at approximately $264,000. First National Bank & Trust Co. of Newtown raised its holdings in Exxon Mobil by 2.0% in the 2nd quarter. First National Bank & Trust Co. of Newtown now owns 54,455 shares of the oil and gas company’s stock valued at $6,269,000 after acquiring an additional 1,043 shares in the last quarter. Joule Financial LLC raised its holdings in Exxon Mobil by 33.0% in the 2nd quarter. Joule Financial LLC now owns 6,113 shares of the oil and gas company’s stock valued at $704,000 after acquiring an additional 1,516 shares in the last quarter. Griffin Asset Management Inc. raised its holdings in Exxon Mobil by 15.6% in the 2nd quarter. Griffin Asset Management Inc. now owns 87,135 shares of the oil and gas company’s stock valued at $10,031,000 after acquiring an additional 11,773 shares in the last quarter. Finally, Proffitt & Goodson Inc. boosted its stake in shares of Exxon Mobil by 1.6% in the 2nd quarter. Proffitt & Goodson Inc. now owns 8,973 shares of the oil and gas company’s stock valued at $1,033,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. UBS Group upped their price target on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company lowered their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Barclays lowered their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company 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. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Stock Up 0.8 %

NYSE:XOM traded up $0.89 during trading hours on Thursday, reaching $114.74. 10,608,239 shares of the stock were exchanged, compared to its average volume of 17,106,223. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. 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 firm has a 50 day moving average of $115.00 and a 200 day moving average of $113.68. The stock has a market cap of $452.42 billion, a PE ratio of 14.06, a PEG ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly 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. 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. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is presently 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.