Soltis Investment Advisors LLC Purchases 41,708 Shares of Exxon Mobil Co. (NYSE:XOM)

Soltis Investment Advisors LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 149.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,525 shares of the oil and gas company's stock after acquiring an additional 41,708 shares during the period. Exxon Mobil comprises about 0.8% of Soltis Investment Advisors LLC's portfolio, making the stock its 27th largest position. Soltis Investment Advisors LLC's holdings in Exxon Mobil were worth $8,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in XOM. Austin Private Wealth LLC grew its position in Exxon Mobil by 1.3% in the second quarter. Austin Private Wealth LLC now owns 40,593 shares of the oil and gas company's stock valued at $4,673,000 after purchasing an additional 529 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Exxon Mobil by 16.4% during the second quarter. V Square Quantitative Management LLC now owns 2,058 shares of the oil and gas company's stock worth $237,000 after acquiring an additional 290 shares in the last quarter. Howard Capital Management Group LLC raised its holdings in Exxon Mobil by 1.9% during the second quarter. Howard Capital Management Group LLC now owns 16,224 shares of the oil and gas company's stock worth $1,868,000 after acquiring an additional 300 shares in the last quarter. Monetary Management Group Inc. grew its stake in Exxon Mobil by 95.8% in the second quarter. Monetary Management Group Inc. now owns 11,650 shares of the oil and gas company's stock valued at $1,341,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Farmers Trust Co. grew its stake in Exxon Mobil by 2.5% in the second quarter. Farmers Trust Co. now owns 32,159 shares of the oil and gas company's stock valued at $3,702,000 after purchasing an additional 784 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on XOM. Mizuho increased their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price for the company. Finally, The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Stock Performance

NYSE:XOM traded down $0.78 during mid-day trading on Wednesday, reaching $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 debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market capitalization of $491.77 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 4.74 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 business's fifty day simple moving average is $119.53 and its two-hundred day simple moving average is $116.46.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

About Exxon Mobil

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.