Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Detalus Advisors LLC

Detalus Advisors LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 14.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,386 shares of the oil and gas company’s stock after acquiring an additional 554 shares during the quarter. Detalus Advisors LLC’s holdings in Exxon Mobil were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the first quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC lifted its holdings 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 valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC raised its position in 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 acquiring an additional 340 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XOM. Mizuho raised their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. BMO Capital Markets raised their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Truist Financial cut their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Wolfe Research assumed coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Stock Performance

XOM stock opened at $119.60 on Friday. The stock has a market cap of $471.58 billion, a P/E ratio of 14.66, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The firm has a 50 day simple moving average of $117.49 and a 200 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.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the business posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 dividend yield of 3.18%. 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.