Optivise Advisory Services LLC Takes $535,000 Position in Exxon Mobil Co. (NYSE:XOM)

Optivise Advisory Services LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,566 shares of the oil and gas company's stock, valued at approximately $535,000.

Several other hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp increased its position in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company's stock valued at $312,000 after buying an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Exxon Mobil during the first quarter valued at $933,000. Keeley Teton Advisors LLC grew its position in shares of Exxon Mobil by 4.8% in the first quarter. Keeley Teton Advisors LLC now owns 2,202 shares of the oil and gas company's stock valued at $256,000 after purchasing an additional 100 shares during the period. Ceeto Capital Group LLC raised its position in shares of Exxon Mobil by 5.7% during the 1st quarter. Ceeto Capital Group LLC now owns 18,602 shares of the oil and gas company's stock worth $2,162,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Energy Income Partners LLC boosted its holdings in Exxon Mobil by 50.8% in the 1st quarter. Energy Income Partners LLC now owns 422,850 shares of the oil and gas company's stock worth $49,152,000 after buying an additional 142,521 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM traded down $0.14 on Friday, reaching $121.79. 13,323,431 shares of the company's stock were exchanged, compared to its average volume of 14,265,192. The business has a fifty day moving average of $119.39 and a 200-day moving average of $116.54. 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 Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The firm has a market capitalization of $535.28 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.96 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.25%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is presently 49.32%.

Analyst Ratings Changes

XOM has been the topic of several research reports. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, TD Cowen increased their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $130.21.

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.