Darwin Wealth Management LLC Acquires New Stake in Exxon Mobil Co. (NYSE:XOM)

Darwin Wealth Management LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,679 shares of the oil and gas company’s stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the 1st quarter valued at approximately $25,000. Anfield Capital Management LLC raised its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Lynx Investment Advisory acquired a new position in Exxon Mobil during the second quarter worth $47,000. Finally, Vima LLC bought a new position in Exxon Mobil in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE:XOM opened at $111.15 on Monday. The business’s 50 day simple moving average is $115.66 and its 200 day simple moving average is $115.14. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market capitalization of $438.27 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. During the same period in the prior year, the firm posted $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.42%. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays lowered their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Finally, Sanford C. Bernstein cut their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Seven investment 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 company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $136.29.

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.