Alpha Cubed Investments LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Alpha Cubed Investments LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.5% during the second quarter, Holdings Channel.com reports. The fund owned 41,739 shares of the oil and gas company’s stock after acquiring an additional 2,538 shares during the period. Alpha Cubed Investments LLC’s holdings in Exxon Mobil were worth $4,805,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in Exxon Mobil by 3.2% in the fourth quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after buying an additional 1,539 shares during the last quarter. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $80,000. Stiles Financial Services Inc boosted its position in Exxon Mobil by 142.9% in the 4th quarter. Stiles Financial Services Inc now owns 5,934 shares of the oil and gas company’s stock worth $593,000 after purchasing an additional 3,491 shares in the last quarter. Vivid Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $449,000. Finally, Capasso Planning Partners LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $417,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XOM shares. Truist Financial lowered their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Wells Fargo & Company lowered their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.39.

Exxon Mobil Price Performance

NYSE XOM traded down $1.26 during mid-day trading on Tuesday, hitting $117.74. The stock had a trading volume of 3,419,626 shares, compared to its average volume of 17,279,215. The firm’s 50 day moving average is $114.27 and its 200 day moving average is $113.05. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market capitalization of $464.25 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, August 15th. 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.