McAdam LLC Buys 961 Shares of Exxon Mobil Co. (NYSE:XOM)

McAdam LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,516 shares of the oil and gas company’s stock after acquiring an additional 961 shares during the quarter. McAdam LLC’s holdings in Exxon Mobil were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Argent Capital Management LLC boosted its position in Exxon Mobil by 9,577.4% during the second quarter. Argent Capital Management LLC now owns 715,158 shares of the oil and gas company’s stock worth $82,329,000 after purchasing an additional 707,768 shares during the period. LRI Investments LLC boosted its holdings in Exxon Mobil by 10.5% in the 2nd quarter. LRI Investments LLC now owns 39,041 shares of the oil and gas company’s stock worth $4,494,000 after buying an additional 3,713 shares during the period. Gilliland Jeter Wealth Management LLC grew its stake in Exxon Mobil by 68.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 27,151 shares of the oil and gas company’s stock valued at $3,126,000 after buying an additional 11,029 shares in the last quarter. Colton Groome Financial Advisors LLC raised its holdings in Exxon Mobil by 1.4% during the 2nd quarter. Colton Groome Financial Advisors LLC now owns 6,625 shares of the oil and gas company’s stock valued at $763,000 after acquiring an additional 91 shares during the period. Finally, EdgeRock Capital LLC lifted its position in shares of Exxon Mobil by 17.4% during the second quarter. EdgeRock Capital LLC now owns 3,764 shares of the oil and gas company’s stock worth $433,000 after acquiring an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM traded up $1.59 during midday trading on Friday, hitting $116.32. The stock had a trading volume of 10,381,431 shares, compared to its average volume of 17,064,939. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business has a fifty day moving average of $115.14 and a 200 day moving average of $113.78. The company has a market cap of $458.65 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. HSBC increased their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $134.56.

About Exxon Mobil

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.