Wealthspire Advisors LLC Has $14.36 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Wealthspire Advisors LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,762 shares of the oil and gas company’s stock after acquiring an additional 2,077 shares during the quarter. Wealthspire Advisors LLC’s holdings in Exxon Mobil were worth $14,363,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC raised its holdings in Exxon Mobil by 16,399.4% during the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after buying an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC boosted its position in Exxon Mobil by 565.3% during the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock worth $1,317,817,000 after purchasing an additional 11,199,696 shares during the period. Capital International Investors grew its holdings in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after buying an additional 2,676,652 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.1 %

Shares of XOM opened at $111.15 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market cap of $438.27 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 4.38 and a beta of 0.90. The company has a 50-day moving average price of $115.66 and a two-hundred day moving average price of $115.14. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the company earned $1.94 EPS. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. UBS Group raised their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Truist Financial cut their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Barclays lowered their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $136.29.

Exxon Mobil Company 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.