Seven Mile Advisory Has $540,000 Position in Exxon Mobil Co. (NYSE:XOM)

Seven Mile Advisory boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,695 shares of the oil and gas company’s stock after purchasing an additional 923 shares during the quarter. Seven Mile Advisory’s holdings in Exxon Mobil were worth $540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Hoge Financial Services LLC grew its position in Exxon Mobil by 10.0% during the second quarter. Hoge Financial Services LLC now owns 4,196 shares of the oil and gas company’s stock worth $483,000 after buying an additional 380 shares in the last quarter. Vista Capital Partners Inc. grew its holdings in shares of Exxon Mobil by 8.5% during the 2nd quarter. Vista Capital Partners Inc. now owns 3,026 shares of the oil and gas company’s stock worth $348,000 after purchasing an additional 236 shares in the last quarter. Lyell Wealth Management LP increased its position in shares of Exxon Mobil by 31.5% during the second quarter. Lyell Wealth Management LP now owns 16,665 shares of the oil and gas company’s stock valued at $1,918,000 after purchasing an additional 3,989 shares during the period. SilverOak Wealth Management LLC raised its stake in shares of Exxon Mobil by 13.1% in the second quarter. SilverOak Wealth Management LLC now owns 2,712 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 314 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in Exxon Mobil by 28.4% in the second quarter. J.W. Cole Advisors Inc. now owns 145,201 shares of the oil and gas company’s stock worth $16,716,000 after purchasing an additional 32,117 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Shares of XOM opened at $112.75 on Tuesday. The stock’s fifty day simple moving average is $115.67 and its 200-day simple moving average is $115.19. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $444.57 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 dividend yield of 3.37%. Exxon Mobil’s dividend payout ratio is 46.57%.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. UBS Group increased their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Truist Financial decreased their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.24.

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.