8,057 Shares in Exxon Mobil Co. (NYSE:XOM) Purchased by Harbor Advisors LLC

Harbor Advisors LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 8,057 shares of the oil and gas company's stock, valued at approximately $944,000.

Other large investors also recently made changes to their positions in the company. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $47,000. PFW Advisors LLC boosted its holdings in shares of Exxon Mobil by 23.3% in the 2nd quarter. PFW Advisors LLC now owns 2,955 shares of the oil and gas company's stock worth $340,000 after purchasing an additional 559 shares in the last quarter. Cullinan Associates Inc. grew its position in Exxon Mobil by 7.3% during the 2nd quarter. Cullinan Associates Inc. now owns 314,776 shares of the oil and gas company's stock worth $36,237,000 after acquiring an additional 21,351 shares during the last quarter. Matrix Trust Co grew its position in shares of Exxon Mobil by 2.5% in the 2nd quarter. Matrix Trust Co now owns 19,528 shares of the oil and gas company's stock worth $2,248,000 after buying an additional 485 shares during the last quarter. Finally, RDA Financial Network lifted its stake in shares of Exxon Mobil by 28.0% in the 2nd quarter. RDA Financial Network now owns 8,292 shares of the oil and gas company's stock valued at $955,000 after purchasing an additional 1,812 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. Truist Financial dropped their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. Finally, Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.19 during midday trading on Tuesday, reaching $117.66. 11,753,820 shares of the company's stock were exchanged, compared to its average volume of 16,214,747. The firm has a market capitalization of $517.13 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 4.95 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company's 50 day simple moving average is $119.76 and its two-hundred day simple moving average is $116.55. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm earned $2.27 EPS. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

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.