Optas LLC Invests $268,000 in Exxon Mobil Co. (NYSE:XOM)

Optas LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,332 shares of the oil and gas company’s stock, valued at approximately $268,000.

Other institutional investors also recently made changes to their positions in the company. Clear Creek Financial Management LLC grew its stake in Exxon Mobil by 48.8% during the 2nd quarter. Clear Creek Financial Management LLC now owns 9,095 shares of the oil and gas company’s stock worth $1,047,000 after buying an additional 2,981 shares during the last quarter. Aries Wealth Management grew its position in shares of Exxon Mobil by 0.7% during the second quarter. Aries Wealth Management now owns 47,688 shares of the oil and gas company’s stock worth $5,490,000 after acquiring an additional 312 shares during the last quarter. SNS Financial Group LLC increased its holdings in shares of Exxon Mobil by 9.1% in the 2nd quarter. SNS Financial Group LLC now owns 4,939 shares of the oil and gas company’s stock worth $569,000 after acquiring an additional 413 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its position in Exxon Mobil by 2.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 23,849 shares of the oil and gas company’s stock valued at $2,745,000 after purchasing an additional 611 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its stake in Exxon Mobil by 193.3% during the 2nd quarter. Spirit of America Management Corp NY now owns 120,597 shares of the oil and gas company’s stock valued at $13,883,000 after purchasing an additional 79,477 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.59 on Friday, reaching $116.32. 10,381,431 shares of the company traded hands, compared to its average volume of 17,064,939. 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 has a market capitalization of $458.65 billion, a PE ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91. The company’s 50 day moving average is $115.14 and its 200-day moving average is $113.86. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating 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 return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. Wells Fargo & Company dropped 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. TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Truist Financial decreased their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Barclays reduced their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Profile

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.