Heritage Way Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,096 shares of the oil and gas company’s stock after purchasing an additional 1,875 shares during the period. Exxon Mobil makes up about 1.6% of Heritage Way Advisors LLC’s holdings, making the stock its 29th largest holding. Heritage Way Advisors LLC’s holdings in Exxon Mobil were worth $2,159,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Macroview Investment Management LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at $102,000. Corbyn Investment Management Inc. MD acquired a new stake in shares of Exxon Mobil in the first quarter valued at $110,000. KHP Capital LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at $111,000. Clearwater Capital Advisors LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at $122,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at $149,000. Institutional investors own 52.43% of the company’s stock.
XOM has been the topic of several analyst reports. Macquarie reiterated a “sell” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Morningstar set a $90.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $88.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, August 28th. Finally, Societe Generale reiterated a “buy” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research note on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $87.13.
NYSE:XOM opened at $85.77 on Friday. The firm has a market capitalization of $366.54 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. Exxon Mobil Co. has a 12 month low of $72.15 and a 12 month high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. analysts predict that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s payout ratio is 91.36%.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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