Exxon Mobil Co. (NYSE:XOM) Shares Purchased by ShankerValleau Wealth Advisors Inc.

ShankerValleau Wealth Advisors Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 27.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,742 shares of the oil and gas company’s stock after acquiring an additional 800 shares during the quarter. Exxon Mobil accounts for 0.2% of ShankerValleau Wealth Advisors Inc.’s investment portfolio, making the stock its 17th biggest position. ShankerValleau Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the first quarter valued at about $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil during the first quarter worth about $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $50,000. Finally, ESL Trust Services LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth about $76,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Piper Sandler lifted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Barclays dropped their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.78.

Exxon Mobil Price Performance

XOM traded down $0.07 during trading on Friday, reaching $116.88. The stock had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a 50 day moving average of $114.02 and a two-hundred day moving average of $112.27. The firm has a market capitalization of $460.86 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 15th. 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.