IHT Wealth Management LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

IHT Wealth Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,562 shares of the oil and gas company's stock after acquiring an additional 8,446 shares during the quarter. IHT Wealth Management LLC's holdings in Exxon Mobil were worth $8,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Patron Partners LLC raised its stake in Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock worth $4,294,000 after buying an additional 2,564 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock valued at $5,532,000 after purchasing an additional 4,578 shares during the period. YHB Investment Advisors Inc. boosted its position in shares of Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after purchasing an additional 1,836 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock valued at $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock worth $111,392,000 after purchasing an additional 379,747 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.2 %

XOM stock traded down $0.19 during trading on Tuesday, reaching $117.66. The stock had a trading volume of 11,753,820 shares, compared to its average volume of 16,214,747. 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 company has a market capitalization of $517.13 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 4.95 and a beta of 0.89. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company's 50 day moving average is $119.78 and its two-hundred day moving average is $116.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. Exxon Mobil's revenue was down .8% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's payout ratio is presently 49.32%.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Redburn Atlantic restated a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price on the stock. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. TD Cowen increased their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.95.

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.