Foster Group Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Foster Group Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,427 shares of the oil and gas company’s stock after acquiring an additional 1,107 shares during the period. Foster Group Inc.’s holdings in Exxon Mobil were worth $2,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil in the first quarter worth $25,000. First Pacific Financial bought a new stake in Exxon Mobil during the first quarter valued at approximately $34,000. POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of Exxon Mobil in the 2nd quarter worth $47,000. Finally, Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Truist Financial lowered their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Mizuho raised 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, Wells Fargo & Company reduced their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Seven equities research 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 stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $117.94 on Monday. The stock’s 50 day simple moving average is $115.93 and its two-hundred day simple moving average is $114.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a market cap of $465.04 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 4.70 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the business earned $1.94 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. As a group, analysts expect 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. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. 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.