Integrated Investment Consultants LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Integrated Investment Consultants LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2,590.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,038 shares of the oil and gas company’s stock after purchasing an additional 246,523 shares during the period. Exxon Mobil makes up 0.7% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 11th largest holding. Integrated Investment Consultants LLC’s holdings in Exxon Mobil were worth $30,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC grew its position in shares of 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. Finally, Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. TD Cowen increased their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their target price on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Trading Up 1.4 %

NYSE:XOM opened at $120.35 on Thursday. The firm has a 50-day simple moving average of $118.96 and a 200-day simple moving average of $116.47. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market cap of $528.95 billion, a P/E ratio of 14.99, a P/E/G ratio of 4.97 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 issued its quarterly earnings data 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 firm had revenue of $90.02 billion for 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 quarter in the previous year, the firm earned $2.27 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

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.