Sage Rhino Capital LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 20.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,712 shares of the oil and gas company’s stock after purchasing an additional 1,121 shares during the period. Sage Rhino Capital LLC’s holdings in Exxon Mobil were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Guggenheim Capital LLC grew its holdings in Exxon Mobil by 7.9% during the 4th quarter. Guggenheim Capital LLC now owns 756,724 shares of the oil and gas company’s stock worth $52,803,000 after acquiring an additional 55,652 shares in the last quarter. Intrust Bank NA raised its position in Exxon Mobil by 9.8% during the 1st quarter. Intrust Bank NA now owns 32,360 shares of the oil and gas company’s stock worth $1,228,000 after buying an additional 2,901 shares during the last quarter. Csenge Advisory Group raised its position in Exxon Mobil by 27.1% during the 1st quarter. Csenge Advisory Group now owns 8,848 shares of the oil and gas company’s stock worth $336,000 after buying an additional 1,884 shares during the last quarter. D.A. Davidson & CO. raised its position in Exxon Mobil by 5.8% during the 1st quarter. D.A. Davidson & CO. now owns 633,891 shares of the oil and gas company’s stock worth $24,057,000 after buying an additional 34,710 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Exxon Mobil by 10.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,197,198 shares of the oil and gas company’s stock worth $83,428,000 after buying an additional 207,616 shares during the last quarter. Hedge funds and other institutional investors own 52.16% of the company’s stock.

NYSE XOM traded up $0.21 during mid-day trading on Friday, hitting $42.08. The company’s stock had a trading volume of 32,123,002 shares, compared to its average volume of 18,976,564. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $75.66. The stock’s fifty day simple moving average is $44.44 and its two-hundred day simple moving average is $48.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The firm has a market capitalization of $177.92 billion, a P/E ratio of 45.74 and a beta of 1.33.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The business had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $38.16 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was down 52.8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post -0.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.48 annualized dividend and a yield of 8.27%. Exxon Mobil’s payout ratio is 154.67%.

A number of equities analysts have recently weighed in on XOM shares. Wells Fargo & Co upped their price target on shares of Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Scotiabank decreased their price target on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating on the stock in a research note on Monday, July 13th. Piper Sandler raised their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Standpoint Research cut shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, Mizuho decreased their price target on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Five analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has assigned a buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and an average target price of $53.17.

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.

See Also: Ex-Dividend

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.