Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 12,865.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 570,364 shares of the oil and gas company’s stock after purchasing an additional 565,965 shares during the period. Pathway Financial Advisers LLC’s holdings in Exxon Mobil were worth $66,858,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its stake in shares of 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 valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $39,000. Finally, POM Investment Strategies LLC grew its stake in 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 worth $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.1 %

NYSE XOM opened at $119.49 on Monday. 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 Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The business has a 50 day moving average price of $117.54 and a two-hundred day moving average price of $116.43. The stock has a market cap of $471.15 billion, a PE ratio of 14.29, a P/E/G ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share 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 during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the business earned $1.94 EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm 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. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 45.45%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XOM shares. Morgan Stanley decreased their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 8th. Finally, Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

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.