Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Financial Counselors Inc.

Financial Counselors Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 589,003 shares of the oil and gas company's stock after acquiring an additional 11,925 shares during the quarter. Exxon Mobil accounts for 1.0% of Financial Counselors Inc.'s investment portfolio, making the stock its 19th largest position. Financial Counselors Inc.'s holdings in Exxon Mobil were worth $69,043,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at $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 purchasing an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth about $39,000. POM Investment Strategies LLC boosted its stake in shares of Exxon Mobil by 918.9% in 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 acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on XOM shares. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Royal Bank of Canada lowered their target price on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating for the company in a research note on Tuesday. Redburn Atlantic reaffirmed a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Stock Performance

XOM traded down $0.31 on Thursday, hitting $117.66. 11,068,147 shares of the company traded hands, compared to its average volume of 16,278,947. The company has a 50 day moving average of $119.70 and a 200-day moving average of $116.57. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market capitalization of $517.13 billion, a PE ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The company's quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued 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 is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. Exxon Mobil's payout ratio is presently 49.32%.

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.