Paces Ferry Wealth Advisors LLC Has $563,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Paces Ferry Wealth Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,887 shares of the oil and gas company’s stock after acquiring an additional 770 shares during the quarter. Paces Ferry Wealth Advisors LLC’s holdings in Exxon Mobil were worth $563,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in XOM. Gilbert & Cook Inc. grew its holdings in Exxon Mobil by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after purchasing an additional 545 shares during the last quarter. Aveo Capital Partners LLC boosted its holdings in shares of Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after buying an additional 984 shares during the period. Gryphon Financial Partners LLC grew its stake in Exxon Mobil by 42.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after buying an additional 5,565 shares during the last quarter. BlackDiamond Wealth Management LLC raised its holdings in Exxon Mobil by 17.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 2,525 shares of the oil and gas company’s stock worth $256,000 after acquiring an additional 382 shares during the period. Finally, Oak Harbor Wealth Partners LLC lifted its position in Exxon Mobil by 2.8% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 12,745 shares of the oil and gas company’s stock worth $1,274,000 after acquiring an additional 345 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley dropped their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company reduced their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, UBS Group reduced their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.76.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $116.02 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week 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 stock has a fifty day moving average price of $115.84 and a two-hundred day moving average price of $115.25. The firm has a market capitalization of $457.47 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during 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 firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.94 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

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.