Legacy Financial Advisors Inc. Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Legacy Financial Advisors Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,612 shares of the oil and gas company’s stock after buying an additional 2,328 shares during the period. Exxon Mobil makes up 0.6% of Legacy Financial Advisors Inc.’s holdings, making the stock its 28th largest position. Legacy Financial Advisors Inc.’s holdings in Exxon Mobil were worth $3,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the first quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its holdings 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 valued at $37,000 after purchasing an additional 252 shares during the period. POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% in 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 during the last quarter. Finally, Lynx Investment Advisory acquired a new stake in shares of Exxon Mobil during the second quarter worth about $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.6 %

Exxon Mobil stock opened at $115.27 on Friday. 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 market capitalization of $454.51 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. 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 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during 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 revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 3.30%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on XOM shares. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Barclays reduced their target price 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. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.