Quest Partners LLC lifted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 157.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,925 shares of the oil and gas company's stock after buying an additional 5,459 shares during the period. Quest Partners LLC's holdings in Exxon Mobil were worth $1,046,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC lifted its stake in 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 valued at $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on XOM shares. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Truist Financial decreased their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research note on Monday, September 30th. Redburn Atlantic restated a "neutral" rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Finally, Evercore ISI upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.21.
Read Our Latest Report on XOM
Exxon Mobil Stock Up 1.4 %
Exxon Mobil stock opened at $120.35 on Thursday. 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 company has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a PEG ratio of 5.00 and a beta of 0.90. The stock has a 50-day simple moving average of $118.96 and a 200-day simple moving average of $116.47. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.
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 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the company earned $2.27 earnings per share. The company's revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current 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 given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.
Exxon Mobil Profile
(
Free Report)
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.
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