Wealthquest Corp Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Wealthquest Corp increased its position in Exxon Mobil Co. (NYSE:XOM) by 4.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 12,426 shares of the oil and gas company’s stock after buying an additional 539 shares during the quarter. Wealthquest Corp’s holdings in Exxon Mobil were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky raised its position in shares of Exxon Mobil by 10.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 363,211 shares of the oil and gas company’s stock valued at $41,813,000 after purchasing an additional 33,995 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of Exxon Mobil by 6.3% in the second quarter. Founders Financial Alliance LLC now owns 24,660 shares of the oil and gas company’s stock worth $2,839,000 after acquiring an additional 1,467 shares during the period. Ariadne Wealth Management LP purchased a new stake in shares of Exxon Mobil during the second quarter worth about $364,000. Cetera Investment Advisers lifted its holdings in Exxon Mobil by 0.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,244,255 shares of the oil and gas company’s stock worth $143,239,000 after purchasing an additional 9,900 shares in the last quarter. Finally, 3Chopt Investment Partners LLC grew its holdings in Exxon Mobil by 8.0% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 13,655 shares of the oil and gas company’s stock valued at $1,572,000 after buying an additional 1,012 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.2 %

Shares of XOM opened at $117.21 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization of $462.16 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 4.86 and a beta of 0.90. The company has a 50-day moving average of $115.80 and a 200 day moving average of $115.75. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the company posted $1.94 EPS. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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 3.24%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. UBS Group cut their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average 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.