MJP Associates Inc. ADV Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

MJP Associates Inc. ADV increased its stake in Exxon Mobil Co. (NYSE:XOM) by 19.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,260 shares of the oil and gas company’s stock after buying an additional 1,483 shares during the period. MJP Associates Inc. ADV’s holdings in Exxon Mobil were worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the 1st quarter valued at $25,000. First Pacific Financial purchased a new stake in Exxon Mobil during the 1st quarter valued at $34,000. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $47,000. Finally, Vima LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XOM. Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. UBS Group raised their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. HSBC raised their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $134.39.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.96 during trading on Friday, reaching $118.85. 12,151,867 shares of the stock traded hands, compared to its average volume of 17,399,568. The company has a market capitalization of $468.63 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 4.51 and a beta of 0.91. The business has a fifty day simple moving average of $114.17 and a two-hundred day simple moving average of $112.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.20%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.