Resources Management Corp CT ADV Acquires 368 Shares of Exxon Mobil Co. (NYSE:XOM)

Resources Management Corp CT ADV grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,828 shares of the oil and gas company’s stock after buying an additional 368 shares during the period. Exxon Mobil accounts for 1.0% of Resources Management Corp CT ADV’s portfolio, making the stock its 29th biggest position. Resources Management Corp CT ADV’s holdings in Exxon Mobil were worth $6,542,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Global Assets Advisory LLC increased its position in shares of Exxon Mobil by 16,399.4% during the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after buying an additional 12,540,435 shares during the period. Fisher Asset Management LLC raised its stake in Exxon Mobil by 565.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock worth $1,317,817,000 after buying an additional 11,199,696 shares in the last quarter. Primecap Management Co. CA bought a new position in Exxon Mobil in the second quarter worth about $980,210,000. Finally, Capital International Investors lifted its holdings in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.8 %

Exxon Mobil stock opened at $117.37 on Tuesday. The business has a 50-day simple moving average of $115.92 and a two-hundred day simple moving average of $115.53. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. 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 cap of $462.79 billion, a P/E ratio of 14.38, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its 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. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company 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 business posted $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.24%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Barclays dropped their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

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.