ShankerValleau Wealth Advisors Inc. Purchases 800 Shares of Exxon Mobil Co. (NYSE:XOM)

ShankerValleau Wealth Advisors Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 27.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,742 shares of the oil and gas company’s stock after purchasing an additional 800 shares during the quarter. Exxon Mobil comprises about 0.2% of ShankerValleau Wealth Advisors Inc.’s holdings, making the stock its 17th largest position. ShankerValleau Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $431,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in XOM. Park Place Capital Corp raised its position in shares of Exxon Mobil by 23.3% in the 2nd quarter. Park Place Capital Corp now owns 14,492 shares of the oil and gas company’s stock worth $1,668,000 after acquiring an additional 2,737 shares in the last quarter. Transcend Capital Advisors LLC grew its position in Exxon Mobil by 3.9% in the 2nd quarter. Transcend Capital Advisors LLC now owns 95,384 shares of the oil and gas company’s stock worth $10,981,000 after purchasing an additional 3,551 shares during the period. McAlister Sweet & Associates Inc. grew its position in shares of Exxon Mobil by 20.1% during the 2nd quarter. McAlister Sweet & Associates Inc. now owns 48,427 shares of the oil and gas company’s stock valued at $5,575,000 after acquiring an additional 8,103 shares during the period. Centre Asset Management LLC grew its position in shares of Exxon Mobil by 9.0% during the 2nd quarter. Centre Asset Management LLC now owns 41,835 shares of the oil and gas company’s stock valued at $4,816,000 after acquiring an additional 3,446 shares during the period. Finally, Red Spruce Capital LLC lifted its stake in shares of Exxon Mobil by 51.7% during the 2nd quarter. Red Spruce Capital LLC now owns 17,974 shares of the oil and gas company’s stock valued at $2,069,000 after buying an additional 6,124 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. HSBC increased their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company raised their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.78.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.07 during mid-day trading on Friday, hitting $116.88. The company’s stock had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market capitalization of $460.86 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The stock’s 50-day moving average is $114.02 and its two-hundred day moving average is $112.27.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.