Frontier Asset Management LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Frontier Asset Management LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 22.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401 shares of the oil and gas company’s stock after purchasing an additional 435 shares during the period. Frontier Asset Management LLC’s holdings in Exxon Mobil were worth $276,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the first quarter worth $25,000. Anfield Capital Management LLC grew its position in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% in the second 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. Lynx Investment Advisory purchased a new position in Exxon Mobil in the second quarter worth $47,000. Finally, Vima LLC purchased a new position in Exxon Mobil in the fourth quarter worth $50,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. 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 price target for the company. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. UBS Group boosted their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $111.15 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market cap of $438.27 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The company has a 50-day moving average price of $115.66 and a 200-day moving average price of $114.98. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

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.