Tyler Stone Wealth Management Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Tyler Stone Wealth Management lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 103.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,943 shares of the oil and gas company's stock after buying an additional 30,522 shares during the period. Exxon Mobil makes up approximately 1.3% of Tyler Stone Wealth Management's investment portfolio, making the stock its 16th biggest position. Tyler Stone Wealth Management's holdings in Exxon Mobil were worth $7,026,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after buying an additional 2,676,652 shares during the period. Bank of New York Mellon Corp lifted its holdings in Exxon Mobil by 11.3% during the 2nd 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 period. Dimensional Fund Advisors LP increased its stake in shares of 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 during the period. Legal & General Group Plc raised its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors increased its position in 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 valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, November 4th. Redburn Atlantic reaffirmed a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, Mizuho boosted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Stock Down 0.2 %

NYSE XOM traded down $0.30 during mid-day trading on Tuesday, reaching $120.17. The stock had a trading volume of 3,279,069 shares, compared to its average volume of 16,304,016. The stock has a market cap of $528.16 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The company has a fifty day moving average price of $117.96 and a 200 day moving average price of $116.32. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS 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 company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter last year, the business earned $2.27 EPS. The firm's revenue was down .8% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.30%. The ex-dividend date 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 47.32%.

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.