Sierra Summit Advisors LLC increases stake in Exxon Mobil Co. (NYSE:XOM)

Sierra Summit Advisors LLC grew its position in Exxon Mobil Co . (NYSE:XOM – Free Report) by 11.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,632 shares of the oil and gas company’s stock after buying an additional 479 shares during the period. Sierra Summit Advisors LLC’s holdings in Exxon Mobil were worth $533,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XOM. Patron Partners LLC raised its stake in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after buying an additional 2,564 shares during the period. YHB Investment Advisors Inc. lifted its position in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after acquiring an additional 1,836 shares during the period. Cooksen Wealth LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $136,000. Scarborough Advisors LLC boosted its holdings in shares of Exxon Mobil by 720.2% in the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock valued at $1,597,000 after purchasing an additional 14,030 shares during the period. Finally, Lloyd Advisory Services LLC. raised its stake in shares of Exxon Mobil by 407.5% in the first quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock worth $2,804,000 after purchasing an additional 19,363 shares in the last quarter. 61.80% of shares are owned by institutional investors and hedge funds.

Exxon Mobil stock performance

NYSE:XOM opened at $114.22 on Wednesday. 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 firm has a market cap of $450.37 billion, a PE ratio of 14.00, a P/E/G ratio of 4.38 and a beta of 0.90. The firm has a 50-day simple moving average of $115.73 and a 200-day simple moving average of $115.25. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share 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 company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the firm posted EPS of $1.94. Exxon Mobil’s revenue rose 12.2% year over year. On average, equities analysts expect that Exxon Mobil Co. to post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. This represents an annualized dividend of $3.80 and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 15. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Changes in Analyst Ratings

Several analysts recently commented on XOM shares. Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company cut their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Morgan Stanley cut their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.24.

Check out the latest stock report on XOM

Exxon Mobil Profile

(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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