Exxon Mobil Corporation $XOM Shares Bought by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,979 shares of the oil and gas company’s stock after acquiring an additional 2,720 shares during the quarter. Exxon Mobil accounts for approximately 2.3% of Biondo Investment Advisors LLC’s holdings, making the stock its 10th largest position. Biondo Investment Advisors LLC’s holdings in Exxon Mobil were worth $16,648,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in XOM. Topsail Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $347,000. Rothschild Capital Partners LLC acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $630,000. Nebula Research & Development LLC boosted its position in Exxon Mobil by 24.1% during the 4th quarter. Nebula Research & Development LLC now owns 15,969 shares of the oil and gas company’s stock valued at $1,718,000 after purchasing an additional 3,105 shares during the period. Knightsbridge Asset Management LLC acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $262,000. Finally, Voya Financial Advisors Inc. boosted its position in Exxon Mobil by 5.0% during the 4th quarter. Voya Financial Advisors Inc. now owns 52,737 shares of the oil and gas company’s stock valued at $5,577,000 after purchasing an additional 2,532 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.7%

XOM opened at $111.1220 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. 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 stock’s fifty day moving average is $110.24 and its 200-day moving average is $108.89. The company has a market capitalization of $473.74 billion, a PE ratio of 15.78, a P/E/G ratio of 2.05 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the business earned $2.14 EPS. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Melius assumed coverage on Exxon Mobil in a research report on Wednesday. They set a “hold” rating and a $111.00 price objective for the company. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. UBS Group boosted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $125.00.

Exxon Mobil Profile

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.