Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Heritage Investment Group Inc.

Heritage Investment Group Inc. increased its position in Exxon Mobil Co. (NYSE:XOM) by 15.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,011 shares of the oil and gas company’s stock after purchasing an additional 1,468 shares during the period. Heritage Investment Group Inc.’s holdings in Exxon Mobil were worth $1,291,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp grew its holdings in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $933,000. Empowered Funds LLC lifted its holdings in shares of Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after purchasing an additional 49,083 shares during the period. M&G Plc purchased a new position in Exxon Mobil in the 1st quarter valued at $2,185,000. Finally, Mizuho Markets Americas LLC increased its stake in Exxon Mobil by 140.6% in the 1st quarter. Mizuho Markets Americas LLC now owns 100,360 shares of the oil and gas company’s stock valued at $11,666,000 after buying an additional 58,649 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, November 4th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Truist Financial cut 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. Finally, Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One investment 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. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $1.25 during trading on Friday, reaching $119.31. The company had a trading volume of 19,051,713 shares, compared to its average volume of 16,335,525. 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 stock has a market capitalization of $524.38 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a 50-day moving average price of $118.49 and a two-hundred day moving average price of $116.40.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share. As a group, sell-side analysts predict 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 paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. 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. Exxon Mobil’s dividend payout ratio is currently 47.32%.

About Exxon Mobil

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.