Perpetual Ltd Purchases 9,759 Shares of Exxon Mobil Co. (NYSE:XOM)

Perpetual Ltd grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,924 shares of the oil and gas company’s stock after purchasing an additional 9,759 shares during the quarter. Perpetual Ltd’s holdings in Exxon Mobil were worth $7,728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Enterprise Bank & Trust Co raised its stake in Exxon Mobil by 5.9% during the 3rd quarter. Enterprise Bank & Trust Co now owns 4,481 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 249 shares during the last quarter. Adirondack Trust Co. raised its position in shares of Exxon Mobil by 1.0% during the third quarter. Adirondack Trust Co. now owns 25,209 shares of the oil and gas company’s stock valued at $2,955,000 after buying an additional 238 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of Exxon Mobil by 5.9% in the third quarter. Wedmont Private Capital now owns 58,146 shares of the oil and gas company’s stock valued at $7,290,000 after buying an additional 3,235 shares during the period. Marcum Wealth LLC grew its position in Exxon Mobil by 1.7% during the third quarter. Marcum Wealth LLC now owns 33,043 shares of the oil and gas company’s stock worth $3,873,000 after buying an additional 562 shares in the last quarter. Finally, CWM LLC increased its stake in Exxon Mobil by 3.5% during the third quarter. CWM LLC now owns 639,429 shares of the oil and gas company’s stock valued at $74,954,000 after acquiring an additional 21,852 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.9 %

Shares of XOM opened at $123.14 on Friday. The firm has a market capitalization of $485.54 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The business’s fifty day moving average price is $116.64 and its two-hundred day moving average price is $116.21.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. On average, analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 45.45%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XOM shares. 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 target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.61.

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.