Delos Wealth Advisors LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Delos Wealth Advisors LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2,054.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,878 shares of the oil and gas company’s stock after acquiring an additional 3,698 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Exxon Mobil were worth $446,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC raised its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group lowered their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Finally, Barclays cut their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Exxon Mobil Price Performance

NYSE:XOM opened at $115.27 on Friday. The firm has a market capitalization of $454.51 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. 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 business has a 50 day simple moving average of $115.88 and a 200-day simple moving average of $115.40. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly 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. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. Equities analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.