Blossom Wealth Management Raises Position in Exxon Mobil Co. (NYSE:XOM)

Blossom Wealth Management lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,103 shares of the oil and gas company’s stock after buying an additional 220 shares during the period. Exxon Mobil comprises about 1.4% of Blossom Wealth Management’s holdings, making the stock its 18th largest position. Blossom Wealth Management’s holdings in Exxon Mobil were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $980,210,000. Capital International Investors lifted its position in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley decreased their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Mizuho raised 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE XOM opened at $120.27 on Thursday. The business has a 50-day simple moving average of $117.49 and a two-hundred day simple moving average of $116.49. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a market cap of $474.23 billion, a P/E ratio of 14.74, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.