Center For Asset Management LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Center For Asset Management LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,870 shares of the oil and gas company’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AJOVista LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $312,000. Kinsale Capital Group Inc. increased its holdings in Exxon Mobil by 33.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after purchasing an additional 9,657 shares in the last quarter. Buckingham Capital Management Inc. raised its position in Exxon Mobil by 24.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 2,040 shares during the last quarter. Cooksen Wealth LLC acquired a new position in Exxon Mobil during the fourth quarter worth $136,000. Finally, Mizuho Markets Americas LLC grew its holdings in shares of Exxon Mobil by 37.8% in the 4th quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock valued at $4,170,000 after acquiring an additional 11,434 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Truist Financial reduced their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, UBS Group upped their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Stock Down 0.2 %

XOM traded down $0.19 during mid-day trading on Friday, reaching $117.94. 13,283,815 shares of the stock were exchanged, compared to its average volume of 16,904,977. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a 50 day moving average price of $115.79 and a two-hundred day moving average price of $114.21. 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 stock has a market capitalization of $465.04 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. Exxon Mobil’s payout ratio is 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.