Secure Asset Management LLC Acquires 12,372 Shares of Exxon Mobil Co. (NYSE:XOM)

Secure Asset Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 42.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,614 shares of the oil and gas company’s stock after acquiring an additional 12,372 shares during the period. Exxon Mobil comprises approximately 0.9% of Secure Asset Management LLC’s holdings, making the stock its 19th largest position. Secure Asset Management LLC’s holdings in Exxon Mobil were worth $4,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Diversified LLC increased its holdings in Exxon Mobil by 23.4% in the 2nd quarter. Diversified LLC now owns 41,961 shares of the oil and gas company’s stock worth $4,831,000 after acquiring an additional 7,948 shares in the last quarter. Slagle Financial LLC increased its stake in shares of Exxon Mobil by 5.8% in the second quarter. Slagle Financial LLC now owns 43,600 shares of the oil and gas company’s stock worth $5,019,000 after purchasing an additional 2,394 shares in the last quarter. Capital Wealth Alliance LLC raised its position in shares of Exxon Mobil by 93.7% during the 2nd quarter. Capital Wealth Alliance LLC now owns 6,468 shares of the oil and gas company’s stock valued at $745,000 after purchasing an additional 3,128 shares during the period. L. Roy Papp & Associates LLP lifted its stake in shares of Exxon Mobil by 726.1% during the 2nd quarter. L. Roy Papp & Associates LLP now owns 99,690 shares of the oil and gas company’s stock valued at $11,476,000 after buying an additional 87,623 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in shares of Exxon Mobil by 1.0% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 81,709 shares of the oil and gas company’s stock valued at $9,406,000 after buying an additional 831 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.4 %

Shares of XOM traded up $1.59 during midday trading on Friday, hitting $116.32. The stock had a trading volume of 10,375,138 shares, compared to its average volume of 17,064,939. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock’s 50 day moving average is $115.14 and its 200 day moving average is $113.78. The firm has a market cap of $458.65 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XOM shares. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Barclays lowered their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Eight research 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

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.