3,412 Shares in ExxonMobil Corporation $XOM Purchased by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. purchased a new stake in ExxonMobil Corporation (NYSE:XOM) during the second quarter, Holdings Channel reports. The fund purchased 3,412 shares of the oil and gas company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in ExxonMobil during the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC purchased a new stake in ExxonMobil during the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. increased its stake in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil during the second quarter worth about $27,000. Finally, Key Capital Management INC acquired a new stake in shares of ExxonMobil during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of XOM opened at $160.08 on Friday. The stock has a 50-day simple moving average of $147.00 and a 200-day simple moving average of $150.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market capitalization of $663.52 billion, a PE ratio of 20.60, a PEG ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a 1 year low of $105.67 and a 1 year high of $176.41.

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

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. TD Cowen boosted their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, UBS Group set a $168.00 price objective on ExxonMobil in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil presently has a consensus rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Company Profile

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.