Faithward Advisors LLC Has $2.91 Million Holdings in Exxon Mobil Corporation $XOM

Faithward Advisors LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,439 shares of the oil and gas company’s stock after purchasing an additional 2,091 shares during the quarter. Faithward Advisors LLC’s holdings in Exxon Mobil were worth $2,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. MBB Public Markets I LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $328,000. Ascent Group LLC lifted its holdings in shares of Exxon Mobil by 66.2% in the 1st quarter. Ascent Group LLC now owns 98,529 shares of the oil and gas company’s stock worth $11,718,000 after acquiring an additional 39,245 shares during the last quarter. RNC Capital Management LLC raised its holdings in shares of Exxon Mobil by 0.4% in the 1st quarter. RNC Capital Management LLC now owns 93,164 shares of the oil and gas company’s stock valued at $11,080,000 after purchasing an additional 403 shares in the last quarter. Arete Wealth Advisors LLC grew its position in Exxon Mobil by 2.0% during the 1st quarter. Arete Wealth Advisors LLC now owns 69,625 shares of the oil and gas company’s stock worth $8,280,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in shares of Exxon Mobil by 2.3% in the 1st quarter. Great Lakes Advisors LLC now owns 1,480,294 shares of the oil and gas company’s stock valued at $175,175,000 after purchasing an additional 32,721 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.8%

Shares of XOM stock opened at $109.23 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm’s 50-day moving average is $110.45 and its 200-day moving average is $109.10. The stock has a market cap of $465.66 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.04 and a beta of 0.57. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the firm posted $2.14 EPS. The company’s quarterly revenue was down 12.4% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. UBS Group boosted their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Finally, Wall Street Zen cut Exxon Mobil from a “hold” rating to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.00.

About Exxon Mobil

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.