Providence Wealth Advisors LLC Has $2.06 Million Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Providence Wealth Advisors LLC increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,374 shares of the oil and gas company's stock after purchasing an additional 2,333 shares during the quarter. Exxon Mobil makes up 1.6% of Providence Wealth Advisors LLC's portfolio, making the stock its 19th biggest position. Providence Wealth Advisors LLC's holdings in Exxon Mobil were worth $2,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the first quarter worth about $29,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC bought a new position in Exxon Mobil during the first quarter worth about $45,000. Finally, Clarity Asset Management Inc. boosted its holdings in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on XOM shares. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Stock Down 0.3%

NYSE:XOM opened at $110.42 on Friday. The firm has a market capitalization of $475.87 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock's 50 day moving average price is $108.75 and its two-hundred day moving average price is $109.03. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

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 for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.