2,300 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by West Tower Group LLC

West Tower Group LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the third quarter, HoldingsChannel.com reports. The fund acquired 2,300 shares of the oil and gas company’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the second quarter worth approximately $35,000. Anfield Capital Management LLC lifted its stake in shares of 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 acquiring an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC boosted its holdings in shares of Exxon Mobil by 918.9% during 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 in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $119.97 on Tuesday. 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 stock’s fifty day simple moving average is $119.53 and its two-hundred day simple moving average is $116.56. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $527.28 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90.

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 for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the business earned $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

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.