Acorn Financial Advisory Services Inc. ADV raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 103.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,392 shares of the oil and gas company’s stock after buying an additional 21,525 shares during the period. Exxon Mobil comprises 1.3% of Acorn Financial Advisory Services Inc. ADV’s investment portfolio, making the stock its 12th largest position. Acorn Financial Advisory Services Inc. ADV’s holdings in Exxon Mobil were worth $1,896,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Cim LLC boosted its holdings in Exxon Mobil by 2.5% in the fourth quarter. Cim LLC now owns 7,517 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 180 shares during the period. DeDora Capital Inc. lifted its holdings in Exxon Mobil by 2.6% in the fourth quarter. DeDora Capital Inc. now owns 8,471 shares of the oil and gas company’s stock worth $591,000 after purchasing an additional 211 shares during the period. Smart Money Group LLC lifted its holdings in Exxon Mobil by 5.5% in the fourth quarter. Smart Money Group LLC now owns 4,124 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 214 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in Exxon Mobil by 2.8% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 232 shares during the period. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in Exxon Mobil by 0.8% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 29,669 shares of the oil and gas company’s stock worth $2,070,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 52.23% of the company’s stock.

Shares of Exxon Mobil stock traded up $0.69 during midday trading on Friday, reaching $42.05. 11,059,775 shares of the company’s stock traded hands, compared to its average volume of 23,099,204. The company has a market cap of $182.41 billion, a price-to-earnings ratio of 15.43 and a beta of 1.33. The company’s 50 day simple moving average is $46.40 and its 200 day simple moving average is $51.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $77.88.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.49. The business had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. Exxon Mobil’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post -1.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th were paid a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.28%. Exxon Mobil’s payout ratio is currently 154.67%.

Several equities research analysts recently weighed in on XOM shares. Cowen reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Exxon Mobil in a report on Thursday, July 2nd. Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. Royal Bank of Canada restated a “sell” rating and set a $42.00 target price on shares of Exxon Mobil in a report on Friday, May 1st. Argus lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Mizuho decreased their price objective on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $56.09.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Featured Article: Trading Strategy Methods for Individual Investors

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.