Exxon Mobil Co. (NYSE:XOM) Shares Bought by Hilltop Holdings Inc.

Hilltop Holdings Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,288 shares of the oil and gas company's stock after purchasing an additional 22,296 shares during the quarter. Hilltop Holdings Inc.'s holdings in Exxon Mobil were worth $8,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% during the 2nd 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 period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter valued at approximately $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM traded down $0.11 during trading on Monday, reaching $117.85. The company's stock had a trading volume of 12,684,541 shares, compared to its average volume of 16,233,965. 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 firm has a fifty day simple moving average of $119.76 and a two-hundred day simple moving average of $116.55. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market cap of $517.96 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 4.95 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil's payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada decreased their price objective on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 26th. BNP Paribas cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a report on Monday, September 30th. Finally, Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price for the company. One equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $129.95.

Exxon Mobil Profile

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.