Lodestone Wealth Management LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Lodestone Wealth Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,252 shares of the oil and gas company’s stock after purchasing an additional 181 shares during the period. Lodestone Wealth Management LLC’s holdings in Exxon Mobil were worth $950,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after buying an additional 1,269,495 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter worth approximately $5,519,753,000. Price T Rowe Associates Inc. MD lifted its position in Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after acquiring an additional 2,676,652 shares in the last quarter. Capital International Investors boosted its stake in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after purchasing an additional 1,037,226 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM traded up $1.49 during mid-day trading on Wednesday, reaching $119.35. The stock had a trading volume of 5,209,631 shares, compared to its average volume of 17,257,564. The business has a fifty day moving average of $114.37 and a 200 day moving average of $113.15. 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 cap of $470.60 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. Equities analysts predict 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. Investors of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. UBS Group lifted 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. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price for the company. Finally, Mizuho raised their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.39.

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.