Commonwealth Financial Services LLC Has $1.95 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Commonwealth Financial Services LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,336 shares of the oil and gas company’s stock after acquiring an additional 809 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Exxon Mobil were worth $1,945,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Delos Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 2,054.4% during the 2nd quarter. Delos Wealth Advisors LLC now owns 3,878 shares of the oil and gas company’s stock valued at $446,000 after acquiring an additional 3,698 shares in the last quarter. Edge Capital Group LLC boosted its position in Exxon Mobil by 12.0% during the second quarter. Edge Capital Group LLC now owns 72,344 shares of the oil and gas company’s stock valued at $8,328,000 after purchasing an additional 7,726 shares during the last quarter. Estabrook Capital Management grew its stake in Exxon Mobil by 0.6% in the second quarter. Estabrook Capital Management now owns 76,537 shares of the oil and gas company’s stock valued at $8,811,000 after purchasing an additional 490 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Exxon Mobil by 18.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 29,460 shares of the oil and gas company’s stock worth $3,494,000 after purchasing an additional 4,487 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. Morgan Stanley lowered their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Truist Financial decreased their price objective 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. Finally, Wells Fargo & Company cut their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Seven 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. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

Exxon Mobil Trading Down 0.6 %

Shares of Exxon Mobil stock opened at $115.27 on Monday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company’s fifty day simple moving average is $115.88 and its 200-day simple moving average is $115.46. The company has a market cap 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 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 (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) 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 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 quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend 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 46.57%.

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.