Marshall Financial Group LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Marshall Financial Group LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 153.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,473 shares of the oil and gas company’s stock after buying an additional 4,527 shares during the quarter. Marshall Financial Group LLC’s holdings in Exxon Mobil were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth $35,000. Anfield Capital Management LLC grew its holdings in shares of 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 worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC lifted 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 worth $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.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $120.35 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The business has a 50-day moving average of $117.37 and a 200 day moving average of $116.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $474.54 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. 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 prior year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.16%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XOM shares. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued 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 a consensus price target of $131.44.

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.