SPC Financial Inc. Has $761,000 Position in Exxon Mobil Co. (NYSE:XOM)

SPC Financial Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 32.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,610 shares of the oil and gas company’s stock after buying an additional 1,621 shares during the period. SPC Financial Inc.’s holdings in Exxon Mobil were worth $761,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC boosted its position 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 buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC raised its position in 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 valued at $43,000 after buying an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.21 on Tuesday. The firm has a market capitalization of $462.16 billion, a PE ratio of 14.36, a P/E/G 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 company has a 50-day moving average price of $115.80 and a two-hundred day moving average price of $115.75. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the firm earned $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. Morgan Stanley reduced their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, UBS Group decreased their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $134.75.

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.