Cassaday & Co Wealth Management LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Cassaday & Co Wealth Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,823 shares of the oil and gas company’s stock after purchasing an additional 172 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Exxon Mobil were worth $5,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Kinsale Capital Group Inc. increased its position in shares of Exxon Mobil by 33.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after acquiring an additional 9,657 shares during the period. Buckingham Capital Management Inc. lifted its position in 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. Cooksen Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at $136,000. Mizuho Markets Americas LLC lifted its position in Exxon Mobil by 37.8% in the fourth quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock valued at $4,170,000 after acquiring an additional 11,434 shares during the last quarter. Finally, Scarborough Advisors LLC lifted its position in Exxon Mobil by 720.2% in the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock valued at $1,597,000 after acquiring an additional 14,030 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Finally, Mizuho upped their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Seven investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.29.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE:XOM opened at $117.94 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock’s fifty day simple moving average is $115.93 and its 200-day simple moving average is $114.49. The company has a market capitalization of $465.04 billion, a P/E ratio of 14.45, a P/E/G ratio of 4.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results 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. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.37 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. Investors 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 yield of 3.22%. Exxon Mobil’s payout ratio is currently 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.