Great Valley Advisor Group Inc. Has $9.62 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Great Valley Advisor Group Inc. grew its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,077 shares of the oil and gas company's stock after acquiring an additional 10,835 shares during the period. Great Valley Advisor Group Inc.'s holdings in Exxon Mobil were worth $9,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Certified Advisory Corp raised its position in Exxon Mobil by 4.9% in the 3rd quarter. Certified Advisory Corp now owns 10,933 shares of the oil and gas company's stock valued at $1,282,000 after purchasing an additional 515 shares during the last quarter. Waddell & Associates LLC increased its stake in shares of Exxon Mobil by 1.3% in the third quarter. Waddell & Associates LLC now owns 14,224 shares of the oil and gas company's stock valued at $1,667,000 after buying an additional 179 shares in the last quarter. Stonebrook Private Inc. lifted its position in Exxon Mobil by 7.9% during the 3rd quarter. Stonebrook Private Inc. now owns 6,550 shares of the oil and gas company's stock worth $768,000 after buying an additional 480 shares in the last quarter. Nwam LLC bought a new position in shares of Exxon Mobil in the third quarter worth about $16,449,000. Finally, Meridian Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 708,291 shares of the oil and gas company's stock worth $83,026,000 after purchasing an additional 15,678 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XOM shares. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Morgan Stanley dropped their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, Barclays reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. One 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.21.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM traded down $0.14 on Friday, reaching $121.79. The company's stock had a trading volume of 13,323,431 shares, compared to its average volume of 14,265,192. The firm has a market cap of $535.28 billion, a PE ratio of 15.17, a PEG ratio of 5.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The business's 50-day moving average price is $119.39 and its two-hundred day moving average price is $116.54. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $93.98 billion. During the same period in the previous year, the firm earned $2.27 EPS. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 7.96 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed 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 represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) 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.