RiverFront Investment Group LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

RiverFront Investment Group LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 18.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,860 shares of the oil and gas company’s stock after acquiring an additional 17,188 shares during the period. RiverFront Investment Group LLC’s holdings in Exxon Mobil were worth $12,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth $35,000. Anfield Capital Management LLC boosted its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC increased its holdings 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 purchasing an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, UBS Group lowered 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. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $134.75.

Exxon Mobil Stock Performance

XOM stock opened at $119.97 on Wednesday. The stock’s 50 day simple moving average is $115.93 and its 200 day simple moving average is $115.81. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market cap of $473.04 billion, a P/E ratio of 14.70, a P/E/G ratio of 4.86 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 issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm 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 of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.