Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,810 shares of the oil and gas company’s stock after purchasing an additional 315 shares during the period. Summit Trail Advisors LLC’s holdings in Exxon Mobil were worth $4,583,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kiely Wealth Advisory Group Inc. increased its position in shares of Exxon Mobil by 12.4% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 922 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 102 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Exxon Mobil by 3.4% in the second quarter. Ameritas Investment Partners Inc. now owns 114,315 shares of the oil and gas company’s stock valued at $13,160,000 after buying an additional 3,722 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Exxon Mobil by 36.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,456,814 shares of the oil and gas company’s stock valued at $282,829,000 after purchasing an additional 651,889 shares during the last quarter. Boston Research & Management Inc. increased its holdings in shares of Exxon Mobil by 2.4% in the second quarter. Boston Research & Management Inc. now owns 51,354 shares of the oil and gas company’s stock valued at $5,911,000 after purchasing an additional 1,181 shares during the period. Finally, Sei Investments Co. raised its position in Exxon Mobil by 24.4% during the 2nd quarter. Sei Investments Co. now owns 1,295,685 shares of the oil and gas company’s stock worth $149,161,000 after buying an additional 254,245 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.6 %

Shares of NYSE XOM opened at $115.27 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $454.51 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock’s 50 day simple moving average is $115.88 and its 200 day simple moving average is $115.33.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company decreased 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. Sanford C. Bernstein dropped 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 dropped their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.