Shariaportfolio Inc. Acquires 753 Shares of Exxon Mobil Co. (NYSE:XOM)

Shariaportfolio Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,377 shares of the oil and gas company’s stock after purchasing an additional 753 shares during the period. Exxon Mobil comprises approximately 1.0% of Shariaportfolio Inc.’s holdings, making the stock its 18th largest holding. Shariaportfolio Inc.’s holdings in Exxon Mobil were worth $1,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the first quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC raised its stake in shares of 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 acquiring an additional 252 shares in the last quarter. POM Investment Strategies LLC lifted its position in 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 valued at $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new stake in Exxon Mobil in the second quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.3 %

Shares of XOM opened at $114.57 on Thursday. The stock’s 50-day moving average price is $115.78 and its 200-day moving average price is $115.25. 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 market capitalization of $451.75 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating 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 firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the firm earned $1.94 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced 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 payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Mizuho upped their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday. Truist Financial lowered their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.76.

Exxon Mobil Company 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.