Eaton Financial Holdings Company LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,777 shares of the oil and gas company's stock, valued at approximately $794,000.
Several other large investors also recently modified their holdings of the company. FMR LLC grew its holdings in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after acquiring an additional 395,218 shares during the period. Geode Capital Management LLC grew its stake in Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the period. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after buying an additional 5,235,607 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Stock Performance
Shares of NYSE XOM traded down $0.09 during midday trading on Thursday, reaching $111.83. The company's stock had a trading volume of 14,519,120 shares, compared to its average volume of 16,311,651. The stock has a market capitalization of $491.50 billion, a P/E ratio of 13.87, a PEG ratio of 4.74 and a beta of 0.89. 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 has a 50 day moving average price of $119.34 and a 200-day moving average price of $116.43. 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 posted 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. The business had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current year.
Exxon Mobil Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil's payout ratio is currently 49.32%.
Analysts Set New Price Targets
Several research firms have recently weighed in on XOM. Truist Financial lowered their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research note on Monday, September 30th. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. increased their price target on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. 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 MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.84.
Check Out Our Latest Research Report on XOM
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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