Resolute Capital Asset Partners LLC Makes New $5.76 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Resolute Capital Asset Partners LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the oil and gas company’s stock, valued at approximately $5,756,000. Exxon Mobil accounts for about 3.3% of Resolute Capital Asset Partners LLC’s portfolio, making the stock its 10th largest position.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Exxon Mobil by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after purchasing an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the period. Finally, Capital International Investors grew its holdings in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

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

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 analysts’ consensus estimates of $2.04 by $0.10. The business 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%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 EPS. Equities analysts expect 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. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.28%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on XOM shares. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Seven equities research 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 stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $135.76.

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.