Jaffetilchin Investment Partners LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Jaffetilchin Investment Partners LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,667 shares of the oil and gas company’s stock after buying an additional 268 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Exxon Mobil were worth $1,458,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XOM. Benedict Financial Advisors Inc. boosted its stake in shares of Exxon Mobil by 11.8% in the second quarter. Benedict Financial Advisors Inc. now owns 9,110 shares of the oil and gas company’s stock valued at $1,049,000 after purchasing an additional 965 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Exxon Mobil by 1.9% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 125,983 shares of the oil and gas company’s stock valued at $14,503,000 after purchasing an additional 2,308 shares during the period. Foster Group Inc. boosted its stake in shares of Exxon Mobil by 6.8% in the second quarter. Foster Group Inc. now owns 17,427 shares of the oil and gas company’s stock valued at $2,006,000 after purchasing an additional 1,107 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of Exxon Mobil by 9.6% in the second quarter. Pinnacle Associates Ltd. now owns 228,860 shares of the oil and gas company’s stock valued at $26,346,000 after purchasing an additional 20,034 shares during the period. Finally, Fonville Wealth Management LLC boosted its stake in shares of Exxon Mobil by 8.7% in the second quarter. Fonville Wealth Management LLC now owns 4,990 shares of the oil and gas company’s stock valued at $574,000 after purchasing an additional 401 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Seven equities research 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Stock Down 0.2 %

XOM stock 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 fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm’s 50-day simple moving average is $115.93 and its 200 day simple moving average is $114.49. The stock has a market cap of $465.04 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 4.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors 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 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil’s dividend payout ratio is presently 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.