Optivise Advisory Services LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Optivise Advisory Services LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,566 shares of the oil and gas company’s stock, valued at approximately $535,000.

A number of other large investors also recently modified their holdings of XOM. WFA Asset Management Corp increased its position 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 valued at $312,000 after acquiring 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 valued at approximately $933,000. Keeley Teton Advisors LLC increased its position in shares of Exxon Mobil by 4.8% during the first quarter. Keeley Teton Advisors LLC now owns 2,202 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 100 shares during the last quarter. Ceeto Capital Group LLC increased its position in shares of Exxon Mobil by 5.7% during the first quarter. Ceeto Capital Group LLC now owns 18,602 shares of the oil and gas company’s stock valued at $2,162,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Energy Income Partners LLC increased its position in Exxon Mobil by 50.8% in the first quarter. Energy Income Partners LLC now owns 422,850 shares of the oil and gas company’s stock worth $49,152,000 after buying an additional 142,521 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

Shares of NYSE:XOM opened at $121.79 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market cap of $535.26 billion, a PE ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. 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 stock’s 50-day moving average is $119.39 and its 200 day moving average is $116.54.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company 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. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Finally, Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $130.21.

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.