Towercrest Capital Management Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Towercrest Capital Management boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 30.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,122 shares of the oil and gas company’s stock after acquiring an additional 954 shares during the quarter. Towercrest Capital Management’s holdings in Exxon Mobil were worth $475,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $25,000. Anfield Capital Management LLC raised its position in 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 valued at $37,000 after purchasing an additional 252 shares in the last quarter. POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. Lynx Investment Advisory bought a new position in shares of Exxon Mobil during the 2nd quarter worth $47,000. Finally, Vima LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $50,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 3.6 %

XOM stock opened at $110.82 on Wednesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a 50 day moving average of $115.87 and a 200 day moving average of $115.00. 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 stock has a market capitalization of $436.96 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 4.48 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Barclays reduced their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently 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.