RPG Investment Advisory LLC Has $838,000 Holdings in Exxon Mobil Corporation $XOM

RPG Investment Advisory LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 100.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 7,042 shares of the oil and gas company’s stock after acquiring an additional 3,521 shares during the period. RPG Investment Advisory LLC’s holdings in Exxon Mobil were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Axis Wealth Partners LLC lifted its position in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock worth $591,000 after acquiring an additional 93 shares during the period. Gagnon Securities LLC raised its stake in shares of Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after purchasing an additional 95 shares in the last quarter. Ascent Capital Management LLC lifted its position in Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock worth $584,000 after purchasing an additional 96 shares during the period. DDD Partners LLC boosted its stake in Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock worth $810,000 after buying an additional 96 shares in the last quarter. Finally, Waypoint Wealth Partners Inc. increased its holdings in Exxon Mobil by 2.1% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company’s stock valued at $556,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $108.9850 on Friday. The stock’s fifty day moving average is $110.26 and its 200-day moving average is $108.88. 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 has a market capitalization of $464.63 billion, a PE ratio of 15.48, a PEG ratio of 2.03 and a beta of 0.53. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday. They set a “hold” rating and a $111.00 price objective for the company. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday. They set a “hold” rating and a $111.00 price objective on the stock. Mizuho lowered their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Finally, UBS Group raised their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company 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.