Sittner & Nelson LLC Acquires 1,006 Shares of Exxon Mobil Co. (NYSE:XOM)

Sittner & Nelson LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,227 shares of the oil and gas company’s stock after purchasing an additional 1,006 shares during the quarter. Exxon Mobil accounts for approximately 0.7% of Sittner & Nelson LLC’s investment portfolio, making the stock its 28th largest holding. Sittner & Nelson LLC’s holdings in Exxon Mobil were worth $1,550,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter worth $39,000. Finally, POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.0 %

NYSE:XOM opened at $121.11 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $117.91 and a 200-day simple moving average of $116.40. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a market capitalization of $532.29 billion, a P/E ratio of 15.08, a PEG ratio of 5.07 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen dropped their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.