Park Edge Advisors LLC Has $3.82 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Park Edge Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 26.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,168 shares of the oil and gas company’s stock after purchasing an additional 6,939 shares during the period. Exxon Mobil comprises 1.2% of Park Edge Advisors LLC’s portfolio, making the stock its 12th largest holding. Park Edge Advisors LLC’s holdings in Exxon Mobil were worth $3,818,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Carmel Capital Partners LLC raised its holdings in shares of Exxon Mobil by 1.0% in the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after acquiring an additional 86 shares during the last quarter. PFS Partners LLC raised its stake in shares of Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 89 shares during the last quarter. WPWealth LLP lifted its holdings in shares of Exxon Mobil by 1.0% in the first quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after purchasing an additional 90 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Exxon Mobil by 0.4% in the first quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after purchasing an additional 91 shares in the last quarter. Finally, Vawter Financial Ltd. boosted its position in shares of Exxon Mobil by 3.9% during the first quarter. Vawter Financial Ltd. now owns 2,433 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 91 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XOM shares. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. HSBC raised their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report 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 for the company. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, TD Cowen increased their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Stock Performance

XOM traded down $1.14 on Wednesday, hitting $116.54. The company’s stock had a trading volume of 3,543,990 shares, compared to its average volume of 16,920,479. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market cap of $459.52 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $115.35 and its 200-day simple moving average is $114.05.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current 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 given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Exxon Mobil Company 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.