EverSource Wealth Advisors LLC Has $3.49 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

EverSource Wealth Advisors LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 18.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,460 shares of the oil and gas company’s stock after acquiring an additional 4,487 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,494,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $39,000. First City Capital Management Inc. boosted its holdings in shares of Exxon Mobil by 11.0% during the 2nd quarter. First City Capital Management Inc. now owns 50,736 shares of the oil and gas company’s stock worth $5,841,000 after buying an additional 5,043 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Exxon Mobil by 6.6% during the 2nd quarter. Gabelli Funds LLC now owns 668,722 shares of the oil and gas company’s stock worth $76,983,000 after buying an additional 41,122 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at $4,605,000. Finally, Fidelis Capital Partners LLC lifted its position in shares of Exxon Mobil by 40.8% during the 2nd quarter. Fidelis Capital Partners LLC now owns 75,547 shares of the oil and gas company’s stock valued at $8,739,000 after acquiring an additional 21,905 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $115.27 on Friday. The business’s fifty day simple moving average is $115.88 and its 200 day simple moving average is $115.40. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market capitalization of $454.51 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Truist Financial reduced their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Barclays decreased their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a 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 issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus 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.