Bright Financial Advisors Inc. Boosts Position in Exxon Mobil Corporation (NYSE:XOM)

Bright Financial Advisors Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 49.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,147 shares of the oil and gas company’s stock after buying an additional 2,024 shares during the period. Exxon Mobil makes up about 0.4% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Bright Financial Advisors Inc.’s holdings in Exxon Mobil were worth $731,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the first quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $32,000. Finally, Cloud Capital Management LLC bought a new stake in Exxon Mobil in the first quarter worth about $45,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.3%

Shares of XOM stock opened at $106.10 on Wednesday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $109.99 and its 200-day moving average price is $108.92. The stock has a market capitalization of $452.33 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping 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 company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

Analyst Ratings Changes

Several analysts have issued reports on XOM shares. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Finally, Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $125.26.

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.