Icon Wealth Advisors LLC Has $18.06 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Icon Wealth Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,050 shares of the oil and gas company's stock after purchasing an additional 45,238 shares during the quarter. Exxon Mobil makes up about 1.5% of Icon Wealth Advisors LLC's investment portfolio, making the stock its 14th largest position. Icon Wealth Advisors LLC's holdings in Exxon Mobil were worth $18,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC boosted its stake in shares of 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 purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of 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 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the 2nd quarter valued at about $46,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective for the company. Morgan Stanley cut their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price target 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. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Stock Up 0.3 %

Shares of XOM stock traded up $0.30 during trading hours on Friday, hitting $117.96. 9,426,013 shares of the company were exchanged, compared to its average volume of 16,249,328. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. 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 business has a 50 day moving average of $119.70 and a two-hundred day moving average of $116.57. The company has a market capitalization of $518.45 billion, a PE ratio of 14.72, a PEG ratio of 4.94 and a beta of 0.90.

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, 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 firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. 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 annualized dividend and a yield of 3.36%. Exxon Mobil's payout ratio is 49.32%.

Exxon Mobil Company 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.