RPg Family Wealth Advisory LLC Takes Position in Exxon Mobil Corporation $XOM

Key Points

• RPg Family Wealth Advisory LLC acquired a new stake in Exxon Mobil Corporation by purchasing 3,533 shares valued at approximately $420,000 in the first quarter of the year.
• Exxon Mobil recently reported an EPS of $1.64 for the quarter, exceeding analysts' expectations of $1.47, with revenues hitting $81.51 billion, slightly above estimates.
• Dividends have been declared, with $0.99 per share scheduled for payment on September 10th, resulting in an annualized dividend of $3.96 and a dividend yield of 3.6%.

RPg Family Wealth Advisory LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,533 shares of the oil and gas company's stock, valued at approximately $420,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP raised its holdings in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $55,000. Journey Strategic Wealth LLC raised its holdings in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after purchasing an additional 1,379 shares in the last quarter. Legacy Trust raised its holdings in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares in the last quarter. Finally, Hartford Funds Management Co LLC raised its holdings in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after purchasing an additional 2,617 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on XOM shares. Melius started coverage on shares of Exxon Mobil in a report on Wednesday. They set a "hold" rating and a $111.00 price target for the company. UBS Group increased their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $125.00.

Exxon Mobil Trading Up 1.7%

Shares of Exxon Mobil stock opened at $111.1220 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $473.74 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.53. The company has a 50-day moving average of $110.24 and a two-hundred day moving average of $108.88.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio is currently 56.25%.

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.

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