J.W. Cole Advisors Inc. Buys 196,433 Shares of Exxon Mobil Corporation (NYSE:XOM)

J.W. Cole Advisors Inc. boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 133.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 343,260 shares of the oil and gas company's stock after purchasing an additional 196,433 shares during the period. Exxon Mobil comprises approximately 1.3% of J.W. Cole Advisors Inc.'s portfolio, making the stock its 9th largest position. J.W. Cole Advisors Inc.'s holdings in Exxon Mobil were worth $40,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd boosted its position in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after buying an additional 94 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Exxon Mobil by 29.2% during the fourth quarter. TD Private Client Wealth LLC now owns 41,353 shares of the oil and gas company's stock worth $4,448,000 after purchasing an additional 9,348 shares in the last quarter. Washington Trust Bank grew its stake in shares of Exxon Mobil by 0.4% during the fourth quarter. Washington Trust Bank now owns 75,860 shares of the oil and gas company's stock worth $8,160,000 after purchasing an additional 285 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $695,000. Finally, Summit Global Investments boosted its position in shares of Exxon Mobil by 50.2% during the 4th quarter. Summit Global Investments now owns 8,605 shares of the oil and gas company's stock worth $926,000 after acquiring an additional 2,876 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XOM shares. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Mizuho dropped their price target 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. Piper Sandler increased their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $3.79 on Friday, reaching $107.87. The company's stock had a trading volume of 32,323,515 shares, compared to its average volume of 15,860,627. The stock's 50-day moving average is $108.66 and its two-hundred day moving average is $108.97. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week 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 stock has a market capitalization of $464.88 billion, a P/E ratio of 14.31, a PEG ratio of 2.01 and a beta of 0.50.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.67%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Exxon Mobil Company 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.