Aptus Capital Advisors LLC Acquires 67,923 Shares of Exxon Mobil Co. (NYSE:XOM)

Aptus Capital Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 28.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 310,731 shares of the oil and gas company’s stock after buying an additional 67,923 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Exxon Mobil were worth $35,771,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Norges Bank bought a new position in Exxon Mobil in the 4th quarter valued at approximately $5,519,753,000. Global Assets Advisory LLC lifted its stake in shares of Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after acquiring an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Exxon Mobil by 565.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after acquiring an additional 11,199,696 shares in the last quarter. Capital International Investors grew its position in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Mizuho upped their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Trading Down 2.1 %

Shares of XOM stock opened at $115.50 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a market capitalization of $455.42 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 4.70 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a 50-day simple moving average of $116.03 and a two-hundred day simple moving average of $114.68.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 8.37 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.29%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

About Exxon Mobil

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.