Ethos Financial Group LLC Boosts Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Ethos Financial Group LLC increased its stake in Exxon Mobil by 22.5%, owning a total of 56,804 shares worth approximately $6,231,000 at the end of the first quarter.
• Exxon Mobil reported earnings of $1.64 per share for the previous quarter, surpassing estimations, but its revenue fell by 12.4% compared to the same period last year.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, yielding 3.7%, with the ex-dividend date set for August 15th.

Ethos Financial Group LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 22.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,804 shares of the oil and gas company's stock after purchasing an additional 10,438 shares during the quarter. Ethos Financial Group LLC's holdings in Exxon Mobil were worth $6,231,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $32,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.8%

Exxon Mobil stock opened at $106.54 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $454.21 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock's fifty day moving average is $110.25 and its two-hundred day moving average is $108.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.14 earnings per share. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's dividend payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen cut Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Hold" and an average target price of $125.26.

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.

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