Legacy Capital Wealth Partners LLC Purchases 205,369 Shares of Exxon Mobil Co. (NYSE:XOM)

Legacy Capital Wealth Partners LLC raised its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2,107.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,115 shares of the oil and gas company's stock after acquiring an additional 205,369 shares during the period. Exxon Mobil makes up approximately 4.2% of Legacy Capital Wealth Partners LLC's holdings, making the stock its 3rd biggest holding. Legacy Capital Wealth Partners LLC's holdings in Exxon Mobil were worth $25,216,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock worth $5,249,607,000 after buying an additional 2,676,652 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock valued at $4,235,972,000 after buying an additional 5,330,887 shares in the last quarter. Legal & General Group Plc boosted its holdings in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after acquiring an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE:XOM traded down $0.12 during mid-day trading on Tuesday, hitting $120.35. 11,970,917 shares of the stock traded hands, compared to its average volume of 16,343,638. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The business's 50-day moving average price is $117.96 and its 200 day moving average price is $116.32. 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 cap of $528.95 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. 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 prior year, the business posted $2.27 earnings per share. The company's revenue was down .8% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal 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 given a dividend of $0.99 per share. 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 dividend yield of 3.29%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is presently 47.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XOM shares. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. UBS Group decreased their price target on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. Finally, Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.