Regal Investment Advisors LLC Has $5.11 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Regal Investment Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 72.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,375 shares of the oil and gas company’s stock after buying an additional 18,638 shares during the quarter. Regal Investment Advisors LLC’s holdings in Exxon Mobil were worth $5,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after purchasing an additional 545 shares in the last quarter. J. W. Coons Advisors LLC increased its holdings in Exxon Mobil by 0.5% during the 4th quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 93,495 shares of the oil and gas company’s stock valued at $9,348,000 after purchasing an additional 593 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 38.5% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 2,396 shares of the oil and gas company’s stock valued at $240,000 after buying an additional 666 shares during the last quarter. Finally, Prudent Man Advisors LLC bought a new position in Exxon Mobil during the 4th quarter valued at $623,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley reduced their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein cut their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.00.

Exxon Mobil Trading Up 2.7 %

Shares of XOM opened at $115.82 on Monday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm has a market cap of $456.68 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 4.86 and a beta of 0.90. The firm has a 50 day moving average price of $115.76 and a 200-day moving average price of $115.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced 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. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) 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.