Hoge Financial Services LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Hoge Financial Services LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,196 shares of the oil and gas company’s stock after acquiring an additional 380 shares during the period. Exxon Mobil accounts for approximately 0.4% of Hoge Financial Services LLC’s portfolio, making the stock its 29th biggest position. Hoge Financial Services LLC’s holdings in Exxon Mobil were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the first quarter worth $25,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% during the 2nd 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 period. POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% during 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 during 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 acquired a new position in Exxon Mobil in the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

NYSE XOM opened at $112.75 on Tuesday. The firm’s fifty day moving average price is $115.67 and its 200 day moving average price is $115.19. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month 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 $444.57 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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. This represents a $3.80 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XOM shares. Truist Financial reduced their price target 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. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company cut their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. 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. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $136.24.

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.