FLC Capital Advisors Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

FLC Capital Advisors raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,788 shares of the oil and gas company’s stock after purchasing an additional 3,775 shares during the period. Exxon Mobil accounts for 1.2% of FLC Capital Advisors’ holdings, making the stock its 21st biggest position. FLC Capital Advisors’ holdings in Exxon Mobil were worth $5,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $5,519,753,000. Global Assets Advisory LLC boosted its position in shares of Exxon Mobil by 16,399.4% during the 1st 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 acquiring an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. Capital International Investors increased its position in Exxon Mobil by 25.1% during 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 purchasing an additional 5,523,429 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Mizuho lifted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, UBS Group lifted 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. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.39.

Exxon Mobil Stock Performance

NYSE XOM traded down $1.08 during trading hours on Tuesday, hitting $117.92. The company had a trading volume of 1,968,723 shares, compared to its average volume of 17,268,418. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a 50 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 PE ratio of 14.58, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Dividend Announcement

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