Advisory Services & Investments LLC Takes $202,000 Position in Exxon Mobil Co. (NYSE:XOM)

Advisory Services & Investments LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,724 shares of the oil and gas company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WFA Asset Management Corp raised its holdings 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 position in Exxon Mobil in the 1st quarter valued at about $933,000. Keeley Teton Advisors LLC increased its stake in 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 worth $256,000 after purchasing an additional 100 shares during the period. Ceeto Capital Group LLC lifted 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 worth $2,162,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Energy Income Partners LLC boosted its stake in shares of 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 valued at $49,152,000 after purchasing an additional 142,521 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Truist Financial reduced their price target 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. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Stock Down 0.1 %

Shares of NYSE:XOM opened at $121.79 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $119.39 and a 200-day simple moving average of $116.54. The company has a market capitalization of $535.26 billion, a PE ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

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

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.