Ballew Advisors Inc Has $774,000 Position in Exxon Mobil Co. (NYSE:XOM)

Ballew Advisors Inc boosted its position in Exxon Mobil Co. (NYSE:XOM) by 38.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,719 shares of the oil and gas company’s stock after purchasing an additional 1,866 shares during the period. Ballew Advisors Inc’s holdings in Exxon Mobil were worth $774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $25,000. First Pacific Financial bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $47,000. Finally, Vima LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen upped 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. Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Piper Sandler upped their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Wells Fargo & Company reduced their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.39.

Exxon Mobil Stock Down 0.3 %

XOM stock traded down $0.37 during trading on Friday, reaching $118.36. 1,391,988 shares of the stock were exchanged, compared to its average volume of 17,165,420. The firm’s 50 day moving average is $114.58 and its 200 day moving average is $113.23. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market cap of $466.69 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 8.65 EPS 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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) 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.