1834 Investment Advisors Co. Increases Stake in Exxon Mobil Co. (NYSE:XOM)

1834 Investment Advisors Co. grew its position in Exxon Mobil Co. (NYSE:XOM) by 4.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,694 shares of the oil and gas company’s stock after purchasing an additional 1,129 shares during the period. 1834 Investment Advisors Co.’s holdings in Exxon Mobil were worth $3,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in Exxon Mobil in the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on XOM. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

NYSE:XOM opened at $120.95 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market cap of $476.91 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90. The company has a 50 day moving average price of $117.78 and a 200-day moving average price of $116.36. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.97 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. 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.