McAdam LLC Acquires 300 Shares of Exxon Mobil Co. (NYSE:XOM)

McAdam LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,816 shares of the oil and gas company’s stock after purchasing an additional 300 shares during the period. McAdam LLC’s holdings in Exxon Mobil were worth $1,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil during the 1st quarter worth about $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC lifted its position in 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. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on XOM. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein dropped their target price 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, Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Stock Down 0.6 %

Shares of XOM opened at $119.60 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a market cap of $471.58 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The firm’s 50-day simple moving average is $117.49 and its 200 day simple moving average is $116.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating 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 analyst estimates of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is presently 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.