CV Advisors LLC Raises Stock Holdings in ExxonMobil Corporation $XOM

CV Advisors LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 126.7% in the second quarter, HoldingsChannel reports. The firm owned 11,589 shares of the oil and gas company’s stock after buying an additional 6,478 shares during the quarter. CV Advisors LLC’s holdings in ExxonMobil were worth $1,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Berbice Capital Management LLC acquired a new position in shares of ExxonMobil in the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil in the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 valued at $27,000 after acquiring an additional 187 shares during the last quarter. Key Capital Management INC purchased a new position in shares of ExxonMobil during the 4th quarter worth $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil during the fourth quarter worth $32,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays upped their target price on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. HSBC set a $158.00 price target on ExxonMobil in a report on Monday, August 3rd. Sanford C. Bernstein cut their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and raised their target price for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Finally, Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Trading Down 0.6%

Shares of XOM opened at $158.78 on Friday. ExxonMobil Corporation has a twelve month low of $105.67 and a twelve month high of $176.41. The firm has a market capitalization of $658.13 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 0.63 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $146.80 and its 200 day simple moving average is $150.38.

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

ExxonMobil Dividend Announcement

The company also recently announced 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 payout ratio is presently 53.02%.

About ExxonMobil

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.