Exxon Mobil Co. (NYSE:XOM) Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 92.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,038 shares of the oil and gas company’s stock after purchasing an additional 103,375 shares during the period. Exxon Mobil accounts for approximately 0.8% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Dana Investment Advisors Inc.’s holdings in Exxon Mobil were worth $24,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. New Wave Wealth Advisors LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at about $380,000. New Century Financial Group LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $731,000. Wealthquest Corp increased its holdings in shares of Exxon Mobil by 4.5% during the second quarter. Wealthquest Corp now owns 12,426 shares of the oil and gas company’s stock valued at $1,430,000 after acquiring an additional 539 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Exxon Mobil by 10.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 363,211 shares of the oil and gas company’s stock worth $41,813,000 after purchasing an additional 33,995 shares in the last quarter. Finally, Founders Financial Alliance LLC grew its position in Exxon Mobil by 6.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 24,660 shares of the oil and gas company’s stock worth $2,839,000 after purchasing an additional 1,467 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.75.

Exxon Mobil Stock Up 1.2 %

XOM opened at $117.21 on Tuesday. The company has a fifty day moving average of $115.80 and a two-hundred day moving average of $115.75. The stock has a market capitalization of $462.16 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. On average, research analysts expect that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.