Orion Portfolio Solutions LLC Acquires 26,252 Shares of Exxon Mobil Co. (NYSE:XOM)

Orion Portfolio Solutions LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,002 shares of the oil and gas company’s stock after purchasing an additional 26,252 shares during the period. Orion Portfolio Solutions LLC’s holdings in Exxon Mobil were worth $27,547,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC raised its stake in 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 acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the second quarter valued at $39,000. POM Investment Strategies LLC boosted its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing 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 about $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. UBS Group decreased their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, TD Cowen increased their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. 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. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Price Performance

Shares of XOM stock opened at $113.57 on Friday. The firm’s 50 day moving average price is $119.81 and its two-hundred day moving average price is $116.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock has a market cap of $499.15 billion, a PE ratio of 14.14, a PEG ratio of 4.80 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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. This represents a $3.96 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil Company 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.