Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lifted by MBB Public Markets I LLC

MBB Public Markets I LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 2,165.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,744 shares of the oil and gas company’s stock after purchasing an additional 304,673 shares during the period. Exxon Mobil comprises about 0.7% of MBB Public Markets I LLC’s holdings, making the stock its 28th largest position. MBB Public Markets I LLC’s holdings in Exxon Mobil were worth $36,694,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter worth $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the second quarter valued at about $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% during the 2nd 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. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC raised its position in shares of 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 valued at $43,000 after purchasing an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.80 on Friday. The stock has a market cap of $444.77 billion, a P/E ratio of 13.82, a PEG ratio of 4.86 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company’s 50-day simple moving average is $115.88 and its 200 day simple moving average is $115.58.

Exxon Mobil (NYSE:XOM) last issued its 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. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Morgan Stanley lowered their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Sanford C. Bernstein reduced 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, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $135.82.

Exxon Mobil Company 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.