FLC Capital Advisors Acquires 3,775 Shares of Exxon Mobil Co. (NYSE:XOM)

FLC Capital Advisors boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,788 shares of the oil and gas company’s stock after purchasing an additional 3,775 shares during the period. Exxon Mobil comprises about 1.2% of FLC Capital Advisors’ holdings, making the stock its 21st largest holding. FLC Capital Advisors’ holdings in Exxon Mobil were worth $5,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $25,000. First Pacific Financial acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $46,000. Lynx Investment Advisory acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $47,000. Finally, Vima LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. HSBC increased their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Barclays reduced their price target 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. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Stock Performance

XOM stock traded down $1.08 during mid-day trading on Tuesday, hitting $117.92. The company had a trading volume of 1,968,723 shares, compared to its average volume of 17,268,418. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock’s fifty day moving average price is $114.27 and its two-hundred day moving average price is $113.05. The firm has a market cap of $464.96 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share 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 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 earned $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s payout ratio is 46.57%.

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.