MCF Advisors LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

MCF Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,746 shares of the oil and gas company’s stock after acquiring an additional 1,428 shares during the quarter. MCF Advisors LLC’s holdings in Exxon Mobil were worth $2,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of XOM. YHB Investment Advisors Inc. increased its position in shares of Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares during the last quarter. Cooksen Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter valued at $136,000. Mizuho Markets Americas LLC lifted its holdings in Exxon Mobil by 37.8% during the 4th quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock worth $4,170,000 after buying an additional 11,434 shares during the last quarter. Scarborough Advisors LLC lifted its holdings in Exxon Mobil by 720.2% during the 4th quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock worth $1,597,000 after buying an additional 14,030 shares during the last quarter. Finally, Lloyd Advisory Services LLC. boosted its position in shares of Exxon Mobil by 407.5% during the 1st quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock worth $2,804,000 after acquiring an additional 19,363 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $112.64 on Monday. 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 business has a 50 day simple moving average of $115.94 and a 200-day simple moving average of $114.88. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market capitalization of $444.14 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 4.70 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. Equities analysts predict that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. The ex-dividend date is 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 currently 46.57%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Truist Financial reduced their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $136.29.

About Exxon Mobil

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.