2,578 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Granite FO LLC

Granite FO LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,578 shares of the oil and gas company’s stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Gilbert & Cook Inc. raised its stake in Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after purchasing an additional 545 shares during the period. J. W. Coons Advisors LLC raised its position in Exxon Mobil by 0.5% during the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock valued at $3,960,000 after buying an additional 208 shares during the period. Eagle Asset Management Inc. lifted its stake in Exxon Mobil by 0.6% in the 4th quarter. Eagle Asset Management Inc. now owns 93,495 shares of the oil and gas company’s stock worth $9,348,000 after acquiring an additional 593 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its position in Exxon Mobil by 38.5% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 2,396 shares of the oil and gas company’s stock worth $240,000 after acquiring an additional 666 shares during the period. Finally, Prudent Man Advisors LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $623,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 2.7 %

Shares of XOM stock opened at $115.82 on Monday. The stock’s 50 day simple moving average is $115.76 and its 200 day simple moving average is $115.71. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. 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 $456.68 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. During the same quarter last year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

A number of analysts have recently issued reports on XOM shares. Morgan Stanley reduced 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 report on Monday, September 16th. Mizuho increased their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Barclays cut their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, Wells Fargo & Company boosted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday. Eight research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

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.