Cetera Investment Advisers Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Cetera Investment Advisers lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,244,255 shares of the oil and gas company’s stock after buying an additional 9,900 shares during the quarter. Cetera Investment Advisers’ holdings in Exxon Mobil were worth $143,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of XOM. J. W. Coons Advisors LLC grew its stake in Exxon Mobil by 0.5% in the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares during the period. Eagle Asset Management Inc. grew its position in shares of Exxon Mobil by 0.6% in the 4th quarter. Eagle Asset Management Inc. now owns 93,495 shares of the oil and gas company’s stock worth $9,348,000 after buying an additional 593 shares during the period. Prudent Man Advisors LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $623,000. CWA Asset Management Group LLC lifted its position in Exxon Mobil by 23.4% during the 4th quarter. CWA Asset Management Group LLC now owns 28,191 shares of the oil and gas company’s stock valued at $2,819,000 after acquiring an additional 5,349 shares during the period. Finally, Hudson Edge Investment Partners Inc. boosted its stake in Exxon Mobil by 2.7% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 52,604 shares of the oil and gas company’s stock worth $5,259,000 after acquiring an additional 1,376 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.2 %

Shares of Exxon Mobil stock opened at $117.21 on Tuesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month 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’s 50 day moving average is $115.80 and its 200 day moving average is $115.75. The company has a market cap of $462.16 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. Research analysts anticipate that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XOM shares. Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. 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. Wells Fargo & Company increased their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lowered their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.75.

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.