Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,689 shares of the oil and gas company's stock, valued at approximately $1,019,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC boosted its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on XOM shares. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their price target on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.
Get Our Latest Analysis on XOM
Exxon Mobil Stock Performance
Shares of XOM stock traded down $0.04 during trading hours on Friday, reaching $121.11. 12,832,036 shares of the company's stock were exchanged, compared to its average volume of 16,383,987. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $477.54 billion, a P/E ratio of 15.08, a P/E/G ratio of 4.96 and a beta of 0.90. The business has a fifty day moving average price of $117.91 and a 200-day moving average price of $116.40.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm 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 quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Analysts predict that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 (DPR) is 47.32%.
Exxon Mobil Company Profile
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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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