Capital Advisors Inc. OK Raises Stake in Exxon Mobil Corporation (NYSE:XOM)

Capital Advisors Inc. OK lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 715,538 shares of the oil and gas company's stock after buying an additional 8,507 shares during the quarter. Exxon Mobil comprises 1.7% of Capital Advisors Inc. OK's investment portfolio, making the stock its 12th biggest position. Capital Advisors Inc. OK's holdings in Exxon Mobil were worth $85,099,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil in the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XOM shares. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Scotiabank increased their target price on shares of Exxon Mobil from $115.00 to $125.00 and gave the stock a "sector outperform" rating in a research note on Friday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Trading Up 0.4%

XOM traded up $0.47 during trading on Friday, hitting $115.40. 11,639,620 shares of the stock traded hands, compared to its average volume of 17,020,082. The firm has a 50-day moving average of $107.83 and a 200 day moving average of $108.72. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm has a market capitalization of $497.33 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the company posted $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio is 52.52%.

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.