Exxon Mobil Co. (XOM) Position Boosted by HCR Wealth Advisors
HCR Wealth Advisors boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,407 shares of the oil and gas company’s stock after buying an additional 1,953 shares during the quarter. Exxon Mobil makes up about 1.1% of HCR Wealth Advisors’ holdings, making the stock its 16th largest position. HCR Wealth Advisors’ holdings in Exxon Mobil were worth $3,164,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of XOM. Alley Co LLC boosted its stake in Exxon Mobil by 3.0% in the fourth quarter. Alley Co LLC now owns 62,812 shares of the oil and gas company’s stock valued at $5,254,000 after acquiring an additional 1,802 shares in the last quarter. Eaton Vance Management boosted its stake in Exxon Mobil by 53.6% in the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after acquiring an additional 3,136,452 shares in the last quarter. Koch Industries Inc. boosted its stake in Exxon Mobil by 343.1% in the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after acquiring an additional 9,676 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Exxon Mobil by 11.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 277,704 shares of the oil and gas company’s stock valued at $23,226,000 after acquiring an additional 28,505 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in Exxon Mobil by 4.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 16,944 shares of the oil and gas company’s stock valued at $1,264,000 after acquiring an additional 702 shares in the last quarter. 52.60% of the stock is currently owned by hedge funds and other institutional investors.
XOM has been the subject of several research analyst reports. Royal Bank of Canada set a $100.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Thursday, June 21st. Morningstar set a $85.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Friday, May 18th. HSBC restated a “buy” rating and issued a $88.00 price objective on shares of Exxon Mobil in a research note on Monday, May 14th. Finally, Societe Generale restated a “buy” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research note on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and an average target price of $87.11.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. During the same quarter last year, the company posted $0.78 EPS. Exxon Mobil’s quarterly revenue was up 26.6% on a year-over-year basis. sell-side analysts anticipate that Exxon Mobil Co. will post 4.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, August 10th. This represents a $3.28 annualized dividend and a dividend yield of 4.07%. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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