United Capital Financial Advisers LLC Buys 145,166 Shares of Exxon Mobil Co. (NYSE:XOM)

United Capital Financial Advisers LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.1% in the second quarter, HoldingsChannel reports. The firm owned 1,935,302 shares of the oil and gas company’s stock after purchasing an additional 145,166 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Exxon Mobil were worth $122,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in XOM. Mizuho Securities Co. Ltd. boosted its position in shares of Exxon Mobil by 243.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 536 shares during the period. tru Independence LLC bought a new stake in shares of Exxon Mobil in the second quarter valued at about $43,000. Baldrige Asset Management LLC bought a new stake in shares of Exxon Mobil in the second quarter valued at about $50,000. USA Financial Portformulas Corp bought a new stake in shares of Exxon Mobil in the second quarter valued at about $57,000. Finally, Danda Trouve Investment Management Inc. boosted its position in shares of Exxon Mobil by 104.5% in the second quarter. Danda Trouve Investment Management Inc. now owns 1,184 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 605 shares during the period. 51.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Exxon Mobil stock traded up $0.95 on Thursday, hitting $62.02. The stock had a trading volume of 752,827 shares, compared to its average volume of 25,242,449. The stock has a 50 day moving average of $56.79 and a 200 day moving average of $58.49. Exxon Mobil Co. has a twelve month low of $31.11 and a twelve month high of $64.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 0.85. The firm has a market capitalization of $262.57 billion, a P/E ratio of -19.98, a PEG ratio of 0.69 and a beta of 1.44.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Thursday, July 29th. The oil and gas company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.08. Exxon Mobil had a positive return on equity of 3.98% and a negative net margin of 6.07%. The company had revenue of $67.74 billion during the quarter, compared to the consensus estimate of $63.96 billion. During the same quarter in the prior year, the firm posted ($0.70) earnings per share. The firm’s revenue was up 107.8% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 4.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 13th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Thursday, August 12th. Exxon Mobil’s dividend payout ratio is currently -1,054.55%.

A number of equities research analysts have recently issued reports on XOM shares. Morgan Stanley raised shares of Exxon Mobil to a “strong-buy” rating and set a $72.00 target price for the company in a research report on Friday, June 18th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $67.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, June 30th. Piper Sandler upped their price objective on shares of Exxon Mobil from $63.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, July 23rd. They noted that the move was a valuation call. upped their price objective on shares of Exxon Mobil from $56.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, July 1st. Finally, DZ Bank cut shares of Exxon Mobil from a “buy” rating to a “hold” rating and cut their price objective for the stock from $67.00 to $62.50 in a research report on Tuesday, August 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.43.

About Exxon Mobil

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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