Heritage Financial Services LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Heritage Financial Services LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 15.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,661 shares of the oil and gas company’s stock after buying an additional 1,777 shares during the quarter. Exxon Mobil accounts for approximately 0.2% of Heritage Financial Services LLC’s portfolio, making the stock its 26th biggest position. Heritage Financial Services LLC’s holdings in Exxon Mobil were worth $1,573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the first quarter valued at $25,000. First Pacific Financial acquired a new position in Exxon Mobil in the first quarter valued at approximately $34,000. Partnership Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Lynx Investment Advisory purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $47,000. Finally, Vima LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $50,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM traded up $0.88 during trading on Thursday, reaching $114.73. The company’s stock had a trading volume of 10,225,645 shares, compared to its average volume of 17,103,875. 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 company’s fifty day moving average price is $114.90 and its 200-day moving average price is $113.67. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market capitalization of $452.38 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for 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 revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. On average, 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 declared 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 is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several equities research analysts recently commented on XOM shares. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Mizuho raised their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price 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.