Clear Investment Research LLC Has $162,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Clear Investment Research LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 34.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,403 shares of the oil and gas company’s stock after acquiring an additional 362 shares during the period. Clear Investment Research LLC’s holdings in Exxon Mobil were worth $162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter worth $25,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% in the 2nd 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 purchased a new stake in Exxon Mobil in the 2nd quarter valued at about $47,000. Finally, Vima LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Exxon Mobil stock opened at $112.75 on Tuesday. The stock has a market cap of $444.57 billion, a P/E ratio of 13.82, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm’s fifty day moving average price is $115.67 and its 200-day moving average price is $115.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wells Fargo & Company decreased their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. UBS Group boosted their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Truist Financial dropped their target price 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. Seven 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.24.

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.