Exxon Mobil Co. (NYSE:XOM) Stock Position Increased by Slagle Financial LLC

Slagle Financial LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,600 shares of the oil and gas company’s stock after purchasing an additional 2,394 shares during the quarter. Exxon Mobil comprises about 2.6% of Slagle Financial LLC’s holdings, making the stock its 6th biggest holding. Slagle Financial LLC’s holdings in Exxon Mobil were worth $5,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Carmel Capital Partners LLC raised its stake in Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after purchasing an additional 86 shares during the period. PFS Partners LLC raised its position in Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after buying an additional 89 shares during the period. Bay Rivers Group lifted its stake in Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock worth $436,000 after acquiring an additional 90 shares in the last quarter. WPWealth LLP boosted its position in Exxon Mobil by 1.0% during the 1st quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock worth $1,011,000 after acquiring an additional 90 shares during the period. Finally, Gilbert & Cook Inc. grew its stake in Exxon Mobil by 0.4% during the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $1.59 on Friday, reaching $116.32. 10,375,138 shares of the stock were exchanged, compared to its average volume of 17,064,939. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a fifty day moving average price of $115.14 and a two-hundred day moving average price of $113.78. The stock has a market cap of $458.65 billion, a PE ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company cut their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, HSBC raised their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.56.

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.