Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Financial & Tax Architects LLC

Financial & Tax Architects LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,176 shares of the oil and gas company’s stock after purchasing an additional 1,967 shares during the quarter. Exxon Mobil accounts for approximately 1.6% of Financial & Tax Architects LLC’s investment portfolio, making the stock its 19th largest holding. Financial & Tax Architects LLC’s holdings in Exxon Mobil were worth $6,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its holdings in shares of Exxon Mobil by 8.2% during the second quarter. Mutual of America Capital Management LLC now owns 581,211 shares of the oil and gas company’s stock worth $66,909,000 after purchasing an additional 43,947 shares during the period. Axxcess Wealth Management LLC raised its position in Exxon Mobil by 11.6% during the second quarter. Axxcess Wealth Management LLC now owns 166,689 shares of the oil and gas company’s stock valued at $19,189,000 after acquiring an additional 17,320 shares in the last quarter. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $35,000. Perennial Investment Advisors LLC raised its position in Exxon Mobil by 25.7% during the second quarter. Perennial Investment Advisors LLC now owns 10,590 shares of the oil and gas company’s stock valued at $1,219,000 after acquiring an additional 2,167 shares in the last quarter. Finally, Alpha Family Trust raised its position in Exxon Mobil by 505.0% during the second quarter. Alpha Family Trust now owns 10,437 shares of the oil and gas company’s stock valued at $1,202,000 after acquiring an additional 8,712 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.57 on Thursday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock’s fifty day moving average is $115.78 and its two-hundred day moving average is $115.25. The firm has a market capitalization of $451.75 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. 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 (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share 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 annualized dividend and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

Several brokerages recently weighed in on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. UBS Group cut their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley cut their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday. Mizuho boosted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Barclays cut their price objective 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $135.76.

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.