Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 27.2% during the second quarter, Holdings Channel reports. The firm owned 181,505 shares of the oil and gas company’s stock after purchasing an additional 38,778 shares during the period. Ieq Capital LLC’s holdings in Exxon Mobil were worth $20,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the first quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its position in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. POM Investment Strategies LLC lifted its stake in shares of Exxon Mobil by 918.9% during the second 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 in the last quarter. Finally, Lynx Investment Advisory purchased a new stake in shares of Exxon Mobil in the second quarter worth about $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on XOM shares. Mizuho boosted 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 decreased their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Truist Financial lowered their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, Sanford C. Bernstein cut their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.76.

Exxon Mobil Stock Up 1.3 %

Shares of NYSE:XOM opened at $116.02 on Friday. The company’s fifty day moving average is $115.84 and its two-hundred day moving average is $115.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a market capitalization of $457.47 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

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. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. 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.