CV Advisors LLC Grows Stock Position in ExxonMobil Corporation $XOM

CV Advisors LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 126.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,589 shares of the oil and gas company's stock after purchasing an additional 6,478 shares during the quarter. CV Advisors LLC's holdings in ExxonMobil were worth $1,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LifePlan Financial LLC boosted its holdings in ExxonMobil by 1.8% in the 2nd quarter. LifePlan Financial LLC now owns 6,628 shares of the oil and gas company's stock valued at $906,000 after purchasing an additional 120 shares in the last quarter. Athena Wealth Management LLC boosted its stake in shares of ExxonMobil by 5.1% in the second quarter. Athena Wealth Management LLC now owns 21,330 shares of the oil and gas company's stock valued at $2,916,000 after buying an additional 1,037 shares in the last quarter. Nicholson Meyer Capital Management Inc. acquired a new position in ExxonMobil during the second quarter worth $285,000. Allied Investment Advisors LLC grew its holdings in ExxonMobil by 1.5% during the second quarter. Allied Investment Advisors LLC now owns 128,268 shares of the oil and gas company's stock worth $17,537,000 after acquiring an additional 1,860 shares during the period. Finally, Diversified Trust Co. raised its position in ExxonMobil by 9.1% in the second quarter. Diversified Trust Co. now owns 144,820 shares of the oil and gas company's stock worth $19,800,000 after acquiring an additional 12,076 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Trading Down 0.6%

Shares of XOM stock opened at $158.78 on Friday. ExxonMobil Corporation has a fifty-two week low of $105.67 and a fifty-two week high of $176.41. The stock has a market cap of $658.13 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.63 and a beta of 0.17. The business has a fifty day simple moving average of $146.80 and a 200-day simple moving average of $150.38. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter in the prior year, the firm earned $1.64 earnings per share. On average, analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil's dividend payout ratio is 53.02%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. HSBC set a $158.00 price target on shares of ExxonMobil in a report on Monday, August 3rd. Weiss Ratings raised shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Piper Sandler began coverage on shares of ExxonMobil in a research report on Thursday, July 23rd. They set a "neutral" rating and a $158.00 target price on the stock. Finally, TD Cowen increased their target price on shares of ExxonMobil from $155.00 to $168.00 and gave the company a "buy" rating in a report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $163.29.

About ExxonMobil

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source