Exxon Mobil Co. (NYSE:XOM) Shares Purchased by LVW Advisors LLC

LVW Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,128 shares of the oil and gas company’s stock after buying an additional 848 shares during the period. LVW Advisors LLC’s holdings in Exxon Mobil were worth $2,087,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Strong Tower Advisory Services raised its stake in shares of Exxon Mobil by 9.8% during the 2nd quarter. Strong Tower Advisory Services now owns 48,716 shares of the oil and gas company’s stock worth $5,608,000 after buying an additional 4,347 shares during the period. Walter & Keenan Wealth Management LLC IN ADV grew its position in shares of Exxon Mobil by 0.9% in the second quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 26,674 shares of the oil and gas company’s stock valued at $3,071,000 after purchasing an additional 243 shares during the period. Chatham Capital Group Inc. boosted its stake in shares of Exxon Mobil by 90.1% in the second quarter. Chatham Capital Group Inc. now owns 18,358 shares of the oil and gas company’s stock worth $2,113,000 after acquiring an additional 8,700 shares during the last quarter. FLC Capital Advisors raised its position in shares of Exxon Mobil by 9.4% in the second quarter. FLC Capital Advisors now owns 43,788 shares of the oil and gas company’s stock valued at $5,041,000 after buying an additional 3,775 shares during the last quarter. Finally, Diligent Investors LLC lifted its stake in shares of Exxon Mobil by 59.5% in the second quarter. Diligent Investors LLC now owns 13,580 shares of the oil and gas company’s stock worth $1,563,000 after buying an additional 5,066 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group increased their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Sanford C. Bernstein cut their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. TD Cowen upped their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $134.39.

Exxon Mobil Stock Down 0.9 %

Exxon Mobil stock traded down $1.08 during mid-day trading on Tuesday, reaching $117.92. 1,968,723 shares of the company’s stock were exchanged, compared to its average volume of 17,268,418. The company has a fifty day moving average of $114.27 and a 200-day moving average of $113.05. The company has a market cap of $464.96 billion, a P/E ratio of 14.58, a P/E/G 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 Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its 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 firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio 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.