Castle Rock Wealth Management LLC Has $2.53 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Castle Rock Wealth Management LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,078 shares of the oil and gas company’s stock after acquiring an additional 1,465 shares during the period. Castle Rock Wealth Management LLC’s holdings in Exxon Mobil were worth $2,526,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC boosted its stake in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC increased its stake in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BNP Paribas lowered shares of 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. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.61.

Exxon Mobil Stock Up 0.4 %

Shares of NYSE XOM traded up $0.47 during mid-day trading on Friday, reaching $123.61. 2,014,989 shares of the company’s stock were exchanged, compared to its average volume of 16,705,900. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $116.77 and a 200 day simple moving average of $116.26. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market capitalization of $487.40 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 45.45%.

Exxon Mobil 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.