Second Line Capital LLC Purchases 6,693 Shares of Exxon Mobil Co. (NYSE:XOM)

Second Line Capital LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,448 shares of the oil and gas company's stock after purchasing an additional 6,693 shares during the quarter. Exxon Mobil comprises approximately 1.6% of Second Line Capital LLC's investment portfolio, making the stock its 13th largest position. Second Line Capital LLC's holdings in Exxon Mobil were worth $5,913,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Truist Financial decreased their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a report on Monday, September 30th. Bank of America started 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. Mizuho raised their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Finally, Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Price Performance

Shares of XOM stock traded down $0.78 during trading hours on Wednesday, hitting $111.89. 32,388,746 shares of the company's stock were exchanged, compared to its average volume of 16,319,123. The company has a market capitalization of $491.77 billion, a PE ratio of 13.91, a PEG ratio of 4.74 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The business's 50 day simple moving average is $119.53 and its 200-day simple moving average is $116.46. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's payout ratio is presently 49.32%.

Exxon Mobil 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.