Cedar Wealth Management LLC Has $201,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Cedar Wealth Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,745 shares of the oil and gas company’s stock after acquiring an additional 111 shares during the period. Cedar Wealth Management LLC’s holdings in Exxon Mobil were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Etfidea LLC raised its holdings in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares in the last quarter. Carmel Capital Partners LLC raised its holdings in Exxon Mobil by 1.0% in the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after purchasing an additional 86 shares in the last quarter. Bigelow Investment Advisors LLC lifted its position in shares of Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after purchasing an additional 86 shares during the period. Integral Investment Advisors Inc. boosted its stake in shares of Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after purchasing an additional 87 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 87 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $115.27 on Friday. The company has a market cap of $454.51 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90. The business’s fifty day simple moving average is $115.88 and its two-hundred day simple moving average is $115.33. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. 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 data 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. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the firm posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Sanford C. Bernstein cut their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Truist Financial reduced their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Seven 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 stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $135.76.

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.