Schrum Private Wealth Management LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Schrum Private Wealth Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 77.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,508 shares of the oil and gas company’s stock after buying an additional 5,018 shares during the period. Schrum Private Wealth Management LLC’s holdings in Exxon Mobil were worth $1,349,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parthenon LLC raised its stake in shares of Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after acquiring an additional 4,445 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Exxon Mobil by 1.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 337,938 shares of the oil and gas company’s stock valued at $39,613,000 after buying an additional 4,801 shares during the period. Pinnacle Financial Partners Inc grew its position in shares of Exxon Mobil by 11.2% during the third quarter. Pinnacle Financial Partners Inc now owns 736,798 shares of the oil and gas company’s stock worth $86,367,000 after buying an additional 74,419 shares in the last quarter. Haverford Trust Co raised its holdings in Exxon Mobil by 1.2% in the third quarter. Haverford Trust Co now owns 149,418 shares of the oil and gas company’s stock valued at $17,515,000 after acquiring an additional 1,830 shares in the last quarter. Finally, Empower Advisory Group LLC grew its holdings in Exxon Mobil by 3.1% during the 3rd quarter. Empower Advisory Group LLC now owns 1,411,160 shares of the oil and gas company’s stock worth $165,416,000 after acquiring an additional 41,974 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $121.50 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 company has a market cap of $534.00 billion, a PE ratio of 15.13, a P/E/G ratio of 5.05 and a beta of 0.90. The stock has a fifty day moving average price of $118.06 and a 200 day moving average price of $116.34. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for 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 revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.27 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.26%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. TD Cowen lowered their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Mizuho increased their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average 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.