Miller Wealth Advisors LLC increases stake in Exxon Mobil Co. (NYSE:XOM)

Miller Wealth Advisors LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,402 shares of the oil and gas company’s stock after purchasing an additional 122 shares during the quarter. Exxon Mobil makes up 19.4% of Miller Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Miller Wealth Advisors LLC’s holdings in Exxon Mobil were worth $35,849,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in XOM. Vanguard Group Inc. raised its holdings in Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter valued at $5,519,753,000. Price T Rowe Associates Inc. MD raised its stake in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares during the period. Capital International Investors boosted its holdings in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after acquiring an additional 1,037,226 shares during the period. 61.80% of shares are owned by hedge funds and other institutional investors.

Analysts on Wall Street are forecasting an increase

XOM has been the subject of a number of research reports. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. UBS Group lifted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. HSBC upped their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.39, based on data from MarketBeat.

Check out our latest report on Exxon Mobil

Exxon Mobil trading down 0.5%

Shares of XOM stock opened at $118.17 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38, and a quick ratio of 1.06. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a market cap of $465.95 billion, a P/E ratio of 14.48, a P/E/G ratio of 4.51 and a beta of 0.91. The company’s 50-day simple moving average is $114.69, and its 200-day simple moving average is $113.39.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted EPS of $1.94. Sell-side analysts estimate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15. This represents an annualized dividend of $3.80 and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

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