Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 27.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,505 shares of the oil and gas company’s stock after buying an additional 38,778 shares during the quarter. Ieq Capital LLC’s holdings in Exxon Mobil were worth $20,895,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Patron Partners LLC grew its holdings in shares of Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after buying an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. raised its stake in shares of Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the last quarter. Cooksen Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter valued at $136,000. Scarborough Advisors LLC increased its stake in Exxon Mobil by 720.2% in the 4th quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock valued at $1,597,000 after buying an additional 14,030 shares during the period. Finally, Lloyd Advisory Services LLC. raised its position in Exxon Mobil by 407.5% during the 1st quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock worth $2,804,000 after buying an additional 19,363 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on XOM shares. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Sanford C. Bernstein reduced 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. Barclays decreased their price target 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. Wolfe Research assumed coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Finally, UBS Group decreased their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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 fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a market capitalization of $457.47 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.38 and a beta of 0.90. The stock has a fifty day moving average of $115.84 and a two-hundred day moving average of $115.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $1.94 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.