Harrell Investment Partners LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Harrell Investment Partners LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,360 shares of the oil and gas company’s stock after buying an additional 1,054 shares during the period. Harrell Investment Partners LLC’s holdings in Exxon Mobil were worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the 1st quarter worth about $34,000. Lynx Investment Advisory purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth about $47,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Finally, Vima LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $50,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.5 %

NYSE XOM opened at $118.17 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a 50-day moving average of $114.69 and a 200-day moving average of $113.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market cap of $465.95 billion, a P/E ratio of 14.48, a P/E/G ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its 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. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on XOM shares. HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Barclays reduced their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Eight 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.39.

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.