LVZ Inc. Has $462,000 Stake in Exxon Mobil Co. (NYSE:XOM)

LVZ Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,010 shares of the oil and gas company’s stock after buying an additional 370 shares during the period. LVZ Inc.’s holdings in Exxon Mobil were worth $462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. Intact Investment Management Inc. grew its position in Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after acquiring an additional 47,400 shares during the period. AJOVista LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $312,000. Kinsale Capital Group Inc. boosted its position in Exxon Mobil by 33.0% in the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after buying an additional 9,657 shares in the last quarter. Buckingham Capital Management Inc. raised its stake in shares of Exxon Mobil by 24.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $1,839,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.3 %

Exxon Mobil stock traded up $1.54 during trading on Friday, hitting $116.27. 5,436,268 shares of the company were exchanged, compared to its average volume of 17,034,648. The business’s 50 day moving average is $115.00 and its 200 day moving average is $113.68. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a market capitalization of $458.45 billion, a P/E ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91.

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

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XOM shares. HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Wells Fargo & Company lowered their price target 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. Truist Financial decreased their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Mizuho raised their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight 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 stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.56.

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.