B. Riley Wealth Advisors Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 274,650 shares of the oil and gas company's stock after selling 22,828 shares during the period. Exxon Mobil comprises 0.9% of B. Riley Wealth Advisors Inc.'s portfolio, making the stock its 13th biggest position. B. Riley Wealth Advisors Inc.'s holdings in Exxon Mobil were worth $32,394,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in XOM. Garden State Investment Advisory Services LLC grew its holdings in shares of Exxon Mobil by 3.2% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 9,352 shares of the oil and gas company's stock valued at $1,097,000 after acquiring an additional 294 shares in the last quarter. Copley Financial Group Inc. acquired a new position in Exxon Mobil during the third quarter valued at approximately $461,000. American Trust grew its stake in Exxon Mobil by 18.7% in the third quarter. American Trust now owns 4,240 shares of the oil and gas company's stock valued at $497,000 after purchasing an additional 667 shares in the last quarter. Old North State Trust LLC increased its position in shares of Exxon Mobil by 7.7% during the 3rd quarter. Old North State Trust LLC now owns 9,480 shares of the oil and gas company's stock worth $1,111,000 after purchasing an additional 681 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. 61.80% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on XOM. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.84.
Get Our Latest Report on XOM
Exxon Mobil Stock Performance
Shares of NYSE:XOM traded down $0.98 on Friday, reaching $110.84. 13,106,079 shares of the company's stock were exchanged, compared to its average volume of 16,298,435. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a fifty day moving average of $118.85 and a 200-day moving average of $116.39. The company has a market capitalization of $487.15 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 4.70 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company's revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. On average, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.57%. Exxon Mobil's dividend payout ratio is currently 49.32%.
Exxon Mobil Profile
(
Free Report)
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.
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