Cassaday & Co Wealth Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,336 shares of the oil and gas company's stock after purchasing an additional 6,513 shares during the period. Cassaday & Co Wealth Management LLC's holdings in Exxon Mobil were worth $6,604,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC boosted its position 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 bought a new position in Exxon Mobil in the 2nd quarter worth about $39,000. POM Investment Strategies LLC increased its position in shares of 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 worth $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Price Performance
Shares of NYSE:XOM traded up $1.00 on Monday, hitting $120.31. The company had a trading volume of 14,209,130 shares, compared to its average volume of 16,326,025. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $528.77 billion, a PE ratio of 14.92, a PEG ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The business has a 50 day moving average of $118.49 and a 200 day moving average of $116.39.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for 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 firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.
Analyst Ratings Changes
Several research analysts have commented on the company. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, November 4th. Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $129.95.
Read Our Latest Report 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.
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