Worth Financial Advisory Group LLC Has $1.01 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Worth Financial Advisory Group LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 10.1% during the second quarter, Holdings Channel reports. The firm owned 8,802 shares of the oil and gas company’s stock after purchasing an additional 805 shares during the period. Worth Financial Advisory Group LLC’s holdings in Exxon Mobil were worth $1,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter worth $25,000. First Pacific Financial bought a new stake in shares of Exxon Mobil in the 1st quarter worth $34,000. POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $46,000. Finally, Lynx Investment Advisory bought a new stake in shares of Exxon Mobil in the 2nd quarter worth $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $1.32 during trading hours on Wednesday, reaching $116.36. 4,378,000 shares of the company traded hands, compared to its average volume of 16,925,504. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month 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 company has a market cap of $458.81 billion, a P/E ratio of 14.28, a P/E/G ratio of 4.51 and a beta of 0.91. The firm has a 50-day moving average price of $115.35 and a 200 day moving average price of $114.05.

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

Exxon Mobil Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on XOM shares. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Truist Financial dropped their price objective 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. Sanford C. Bernstein lowered their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.