Capital Advisory Group Advisory Services LLC Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Capital Advisory Group Advisory Services LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,488 shares of the oil and gas company’s stock after acquiring an additional 260 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Exxon Mobil were worth $772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Beacon Capital Management LLC grew its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after buying an additional 93 shares in the last quarter. Altus Wealth Group LLC boosted its position in shares of Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Exxon Mobil by 11.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 94 shares during the last quarter. WPWealth LLP boosted its position in shares of Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock valued at $990,000 after acquiring an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. boosted its position in shares of Exxon Mobil by 1.2% during the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company’s stock valued at $910,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Scotiabank lowered their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Trading Up 1.9%

NYSE XOM opened at $109.31 on Thursday. The firm has a 50 day simple moving average of $105.14 and a 200-day simple moving average of $108.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market cap of $471.08 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.