Petra Financial Advisors Inc. Takes Position in ExxonMobil Corporation $XOM

Petra Financial Advisors Inc. bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,412 shares of the oil and gas company’s stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil during the 2nd quarter worth $27,000. Portus Wealth Advisors LLC purchased a new stake in ExxonMobil during the 1st quarter valued at approximately $36,000. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the fourth quarter worth about $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil in the 4th quarter worth approximately $27,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a report on Friday, August 7th. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley cut their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $163.29.

ExxonMobil Stock Performance

NYSE XOM opened at $160.08 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a fifty-two week low of $105.67 and a fifty-two week high of $176.41. The stock’s fifty day moving average is $147.00 and its two-hundred day moving average is $150.45. The firm has a market capitalization of $663.52 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. On average, research analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.