Windle Wealth LLC Purchases 4,672 Shares of Exxon Mobil Co. (NYSE:XOM)

Windle Wealth LLC grew its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,926 shares of the oil and gas company's stock after purchasing an additional 4,672 shares during the quarter. Exxon Mobil makes up approximately 3.8% of Windle Wealth LLC's portfolio, making the stock its 18th largest holding. Windle Wealth LLC's holdings in Exxon Mobil were worth $6,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company's stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the period. Primecap Management Co. CA acquired a new stake in shares of Exxon Mobil in the second quarter worth $980,210,000. International Assets Investment Management LLC increased its position in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock worth $808,077,000 after acquiring an additional 6,805,982 shares during the period. Capital International Investors increased its position in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 16.9% during the 2nd 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 purchasing an additional 5,330,887 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM traded down $1.71 on Tuesday, hitting $118.60. The company's stock had a trading volume of 11,579,403 shares, compared to its average volume of 16,304,970. The company has a 50 day moving average price of $118.59 and a 200 day moving average price of $116.42. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a market capitalization of $521.26 billion, a PE ratio of 14.82, a PEG ratio of 5.00 and a beta of 0.90. 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 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. 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 dividend yield of 3.34%. Exxon Mobil's payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

Several research firms have issued reports on XOM. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.21.

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.