AllGen Financial Advisors Inc. Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

AllGen Financial Advisors Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,931 shares of the oil and gas company’s stock after acquiring an additional 1,494 shares during the quarter. Exxon Mobil makes up 1.2% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. AllGen Financial Advisors Inc.’s holdings in Exxon Mobil were worth $3,215,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XOM. Carmel Capital Partners LLC lifted its stake in shares of Exxon Mobil by 1.0% during the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after buying an additional 86 shares during the period. Bigelow Investment Advisors LLC raised its holdings in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. lifted its stake in shares of Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its position in shares of Exxon Mobil by 7.0% in the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $116.02 on Friday. 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 one year low of $95.77 and a one year high of $123.75. The stock’s 50 day moving average price is $115.84 and its 200 day moving average price is $115.25. The firm has a market capitalization of $457.47 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released 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. The business had revenue of $93.06 billion during 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 revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.94 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XOM shares. Truist Financial reduced their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. UBS Group cut their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.