Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,829 shares of the oil and gas company’s stock after purchasing an additional 206 shares during the quarter. Exxon Mobil accounts for 1.4% of Providence Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Providence Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Global Assets Advisory LLC lifted its stake in shares of 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 worth $1,466,589,000 after purchasing an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of 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 in the last quarter. Capital International Investors lifted its stake in shares of 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 worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Exxon Mobil by 6.3% during 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 purchasing an additional 2,676,652 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Mizuho boosted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Barclays dropped 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. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Finally, UBS Group lifted their target price on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.24.

Exxon Mobil Stock Up 1.4 %

Shares of Exxon Mobil stock opened at $112.75 on Tuesday. The firm has a market cap of $444.57 billion, a P/E ratio of 13.82, a P/E/G ratio of 4.38 and a beta of 0.90. The business has a 50-day moving average price of $115.67 and a 200 day moving average price of $115.19. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. 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, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during 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%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.