Xponance Inc. Acquires 58,238 Shares of Exxon Mobil Co. (NYSE:XOM)

Xponance Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 602,380 shares of the oil and gas company’s stock after acquiring an additional 58,238 shares during the period. Exxon Mobil accounts for 0.7% of Xponance Inc.’s portfolio, making the stock its 20th largest holding. Xponance Inc.’s holdings in Exxon Mobil were worth $69,346,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC increased its position in 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 during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at $39,000. Finally, POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Barclays dropped 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. UBS Group cut their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.76.

Exxon Mobil Price Performance

NYSE XOM opened at $115.27 on Monday. The company has a market cap of $454.51 billion, a PE ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-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’s 50 day moving average price is $115.88 and its 200-day moving average price is $115.46.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (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 the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced 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 was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.