Financial Counselors Inc. Acquires 93,123 Shares of Exxon Mobil Co. (NYSE:XOM)

Financial Counselors Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 19.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 577,078 shares of the oil and gas company’s stock after purchasing an additional 93,123 shares during the period. Exxon Mobil accounts for about 1.1% of Financial Counselors Inc.’s holdings, making the stock its 18th largest holding. Financial Counselors Inc.’s holdings in Exxon Mobil were worth $66,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. White Wing Wealth Management raised its holdings in Exxon Mobil by 11.6% in the 2nd quarter. White Wing Wealth Management now owns 2,925 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 305 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Exxon Mobil by 99.3% during the second quarter. Natixis Advisors LLC now owns 2,567,426 shares of the oil and gas company’s stock valued at $295,562,000 after buying an additional 1,279,300 shares during the period. Equitable Trust Co. raised its stake in Exxon Mobil by 4.3% in the second quarter. Equitable Trust Co. now owns 89,328 shares of the oil and gas company’s stock worth $10,283,000 after buying an additional 3,684 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Exxon Mobil by 3.9% in the second quarter. D.A. Davidson & CO. now owns 446,734 shares of the oil and gas company’s stock worth $51,428,000 after buying an additional 16,868 shares during the period. Finally, Telos Capital Management Inc. boosted its position in Exxon Mobil by 7.1% during the 2nd quarter. Telos Capital Management Inc. now owns 23,495 shares of the oil and gas company’s stock valued at $2,705,000 after acquiring an additional 1,560 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company dropped their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Seven 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Price Performance

NYSE XOM opened at $114.05 on Thursday. The stock has a market capitalization of $449.70 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 4.70 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The business’s fifty day moving average price is $116.02 and its 200-day moving average price is $114.67.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the firm posted $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil’s dividend payout ratio is currently 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.