Avidian Wealth Enterprises LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Avidian Wealth Enterprises LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,895 shares of the oil and gas company's stock after purchasing an additional 8,543 shares during the quarter. Exxon Mobil accounts for 1.1% of Avidian Wealth Enterprises LLC's portfolio, making the stock its 19th biggest holding. Avidian Wealth Enterprises LLC's holdings in Exxon Mobil were worth $23,197,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Long Run Wealth Advisors LLC boosted its holdings in Exxon Mobil by 20.3% in the third quarter. Long Run Wealth Advisors LLC now owns 3,248 shares of the oil and gas company's stock worth $381,000 after purchasing an additional 547 shares during the last quarter. Balentine LLC lifted its holdings in shares of Exxon Mobil by 20.3% during the 3rd quarter. Balentine LLC now owns 19,774 shares of the oil and gas company's stock valued at $2,318,000 after buying an additional 3,343 shares during the period. Tobias Financial Advisors Inc. grew its holdings in shares of Exxon Mobil by 7.6% in the third quarter. Tobias Financial Advisors Inc. now owns 4,250 shares of the oil and gas company's stock worth $498,000 after acquiring an additional 302 shares during the period. HF Advisory Group LLC increased its position in Exxon Mobil by 8.5% during the third quarter. HF Advisory Group LLC now owns 18,256 shares of the oil and gas company's stock valued at $2,140,000 after acquiring an additional 1,429 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in Exxon Mobil by 11.4% in the third quarter. North Star Investment Management Corp. now owns 66,477 shares of the oil and gas company's stock valued at $7,792,000 after acquiring an additional 6,795 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XOM shares. Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Finally, Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $129.95.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $0.15 during midday trading on Thursday, reaching $121.15. 11,942,660 shares of the stock traded hands, compared to its average volume of 16,400,365. The company's 50 day moving average is $117.78 and its 200 day moving average is $116.36. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a market capitalization of $477.70 billion, a PE ratio of 15.11, a P/E/G ratio of 4.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.97 earnings per share for the current 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 given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil's dividend payout ratio is 47.32%.

Exxon Mobil Company 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.