EP Wealth Advisors LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

EP Wealth Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 779,067 shares of the oil and gas company’s stock after purchasing an additional 33,641 shares during the quarter. Exxon Mobil comprises about 1.0% of EP Wealth Advisors LLC’s holdings, making the stock its 22nd largest holding. EP Wealth Advisors LLC’s holdings in Exxon Mobil were worth $89,686,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Etfidea LLC increased its stake in shares of Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC increased its position in Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after purchasing an additional 86 shares in the last quarter. Integral Investment Advisors Inc. boosted its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 87 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC boosted its stake in shares of Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.7 %

NYSE:XOM opened at $115.82 on Monday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a market capitalization of $456.68 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $115.76 and a 200 day simple moving average of $115.71.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company posted $1.94 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

Several equities analysts have recently commented on XOM shares. UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $135.00.

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.