Vectors Research Management LLC Has $3.50 Million Position in Exxon Mobil Co. (NYSE:XOM)

Vectors Research Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the third quarter, HoldingsChannel.com reports. The fund owned 29,733 shares of the oil and gas company’s stock after selling 570 shares during the quarter. Exxon Mobil accounts for 1.1% of Vectors Research Management LLC’s holdings, making the stock its 26th biggest position. Vectors Research Management LLC’s holdings in Exxon Mobil were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of XOM. WFA Asset Management Corp grew its stake in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $933,000. Empowered Funds LLC grew its stake in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after buying an additional 49,083 shares during the period. M&G Plc acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $2,185,000. Finally, Mizuho Markets Americas LLC grew its stake in shares of 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. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. UBS Group cut their price objective 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, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Down 1.0 %

XOM stock opened at $119.35 on Friday. The stock has a fifty day moving average of $118.49 and a 200-day moving average of $116.40. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a market capitalization of $524.56 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 5.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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, topping the consensus estimate of $1.91 by $0.01. The firm 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 revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 earnings per share. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is 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.