305 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Fairway Wealth LLC

Fairway Wealth LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 305 shares of the oil and gas company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth about $25,000. Anfield Capital Management LLC lifted 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 worth $37,000 after purchasing an additional 252 shares in the last quarter. POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $47,000. Finally, Vima LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $50,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.3 %

NYSE XOM opened at $114.57 on Thursday. The firm’s fifty day moving average price is $115.78 and its 200 day moving average price is $115.25. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market capitalization of $451.75 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analysts Set New Price Targets

Several equities analysts have commented on XOM shares. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Wells Fargo & Company cut their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned 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.

About Exxon Mobil

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.