Carter Financial Group INC. Invests $1.18 Million in Exxon Mobil Corporation $XOM

Carter Financial Group INC. bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,001 shares of the oil and gas company’s stock, valued at approximately $1,175,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at $6,163,719,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $607,621,000. First Trust Advisors LP lifted its holdings in shares of Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Exxon Mobil by 200.7% in the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after purchasing an additional 4,015,099 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in Exxon Mobil by 10,809.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on XOM shares. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group lifted their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research note on Friday. Finally, Bank of America decreased their target price on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.24.

Exxon Mobil Stock Down 0.6%

XOM stock opened at $118.77 on Monday. The company has a 50 day moving average of $115.60 and a two-hundred day moving average of $112.29. The company has a market cap of $500.88 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 7.48 and a beta of 0.38. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion for the quarter. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

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.