Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 92.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 215,038 shares of the oil and gas company’s stock after purchasing an additional 103,375 shares during the period. Exxon Mobil accounts for approximately 0.8% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 19th biggest position. Dana Investment Advisors Inc.’s holdings in Exxon Mobil were worth $24,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its stake in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC grew its holdings in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $117.21 on Tuesday. The firm has a 50-day simple moving average of $115.80 and a two-hundred day simple moving average of $115.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a market cap of $462.16 billion, a PE ratio of 14.36, a P/E/G ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Truist Financial decreased their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Barclays dropped their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $134.75.

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.