IVC Wealth Advisors LLC Purchases 2,655 Shares of Exxon Mobil Co. (NYSE:XOM)

IVC Wealth Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 36.3% in the third quarter, Holdings Channel.com reports. The fund owned 9,967 shares of the oil and gas company’s stock after buying an additional 2,655 shares during the period. IVC Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its stake in 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 acquiring an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter worth about $39,000. Finally, POM Investment Strategies LLC boosted its holdings in Exxon Mobil by 918.9% during the second 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. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 8th. Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, 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. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Trading Down 1.3 %

Shares of NYSE XOM opened at $117.33 on Wednesday. The company’s 50 day simple moving average is $117.60 and its 200 day simple moving average is $116.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a market capitalization of $462.63 billion, a P/E ratio of 14.38, a P/E/G ratio of 5.00 and a beta of 0.89.

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 (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company earned $1.94 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.