Beaird Harris Wealth Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,891 shares of the oil and gas company's stock after selling 5,254 shares during the period. Beaird Harris Wealth Management LLC's holdings in Exxon Mobil were worth $3,504,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the second quarter valued at approximately $39,000. POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Down 0.9 %
Shares of XOM stock traded down $0.98 during mid-day trading on Friday, hitting $110.84. The stock had a trading volume of 12,173,675 shares, compared to its average volume of 16,298,435. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm's 50-day moving average is $119.13 and its two-hundred day moving average is $116.40. The firm has a market capitalization of $487.15 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89.
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 analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase 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 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil's payout ratio is 49.32%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Truist Financial cut their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Finally, Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $129.84.
View Our Latest Stock Analysis on XOM
About Exxon Mobil
(
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.
Further Reading
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
