Kure Advisory LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Kure Advisory LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,919 shares of the oil and gas company’s stock after buying an additional 107 shares during the quarter. Exxon Mobil comprises about 0.3% of Kure Advisory LLC’s portfolio, making the stock its 28th biggest holding. Kure Advisory LLC’s holdings in Exxon Mobil were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the 1st quarter worth about $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil during the first quarter worth $34,000. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Lynx Investment Advisory acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $47,000. Finally, Vima LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $50,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM opened at $117.86 on Wednesday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a market cap of $464.72 billion, a P/E ratio of 14.44, a P/E/G ratio of 4.51 and a beta of 0.91. The stock’s 50 day simple moving average is $114.37 and its 200 day simple moving average is $113.15. 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 (NYSE:XOM) last announced its quarterly earnings results 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. 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 analysts’ expectations of $90.09 billion. During the same quarter last year, the business posted $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given 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 dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XOM shares. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein dropped their price objective 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 upped their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Mizuho boosted their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, UBS Group raised their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.39.

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.