Exxon Mobil Co. (NYSE:XOM) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 166,689 shares of the oil and gas company’s stock after purchasing an additional 17,320 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Exxon Mobil were worth $19,189,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at approximately $35,000. Perennial Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 25.7% during the second quarter. Perennial Investment Advisors LLC now owns 10,590 shares of the oil and gas company’s stock worth $1,219,000 after purchasing an additional 2,167 shares during the period. Alpha Family Trust lifted its position in shares of Exxon Mobil by 505.0% in the 2nd quarter. Alpha Family Trust now owns 10,437 shares of the oil and gas company’s stock worth $1,202,000 after buying an additional 8,712 shares during the last quarter. Frisch Financial Group Inc. boosted its holdings in shares of Exxon Mobil by 12.8% in the 2nd quarter. Frisch Financial Group Inc. now owns 10,585 shares of the oil and gas company’s stock valued at $1,219,000 after buying an additional 1,203 shares during the period. Finally, Clearstead Trust LLC grew its position in shares of Exxon Mobil by 17.3% during the 2nd quarter. Clearstead Trust LLC now owns 35,063 shares of the oil and gas company’s stock valued at $4,036,000 after buying an additional 5,162 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Mizuho lifted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday. Wolfe Research started coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Barclays cut their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Exxon Mobil Price Performance

NYSE:XOM opened at $114.57 on Thursday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. 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 firm has a market cap of $451.75 billion, a P/E ratio of 14.04, a PEG ratio of 4.38 and a beta of 0.90. The business’s 50-day moving average price is $115.78 and its 200 day moving average price is $115.25.

Exxon Mobil (NYSE:XOM) last released its earnings results 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. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 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.