Kowal Investment Group LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Kowal Investment Group LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,825 shares of the oil and gas company’s stock after purchasing an additional 1,653 shares during the quarter. Kowal Investment Group LLC’s holdings in Exxon Mobil were worth $1,592,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $35,000. Anfield Capital Management LLC raised its stake in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. POM Investment Strategies LLC boosted its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Lynx Investment Advisory bought a new position in Exxon Mobil in the second quarter worth approximately $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $115.27 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The firm has a market capitalization of $454.51 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. The stock’s 50-day simple moving average is $115.88 and its 200-day simple moving average is $115.40.

Exxon Mobil (NYSE:XOM) last released its earnings results 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 company had revenue of $93.06 billion for 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%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Morgan Stanley decreased their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.76.

Exxon Mobil 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.