Eudaimonia Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,338 shares of the oil and gas company’s stock after acquiring an additional 300 shares during the quarter. Eudaimonia Advisors LLC’s holdings in Exxon Mobil were worth $903,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. CTC Capital Management LLC bought a new position in Exxon Mobil in the 3rd quarter worth $1,807,000. WMG Financial Advisors LLC grew its position in Exxon Mobil by 0.9% in the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 108 shares during the last quarter. Polaris Wealth Advisory Group LLC grew its position in Exxon Mobil by 3,880.2% in the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after purchasing an additional 200,102 shares during the last quarter. Brown Advisory Inc. grew its position in Exxon Mobil by 1.4% in the 2nd quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock worth $134,296,000 after purchasing an additional 24,869 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its position in Exxon Mobil by 8.5% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,244 shares of the oil and gas company’s stock worth $620,000 after purchasing an additional 566 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on XOM. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Tuesday. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. HSBC lifted their target price on shares of Exxon Mobil to $111.00 in a research report on Friday, December 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.35.
Exxon Mobil Trading Up 0.9 %
XOM opened at $113.81 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The company has a market cap of $468.70 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The firm has a 50 day simple moving average of $109.54 and a 200 day simple moving average of $101.20. Exxon Mobil Co. has a fifty-two week low of $71.39 and a fifty-two week high of $126.54.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. The business had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 13.92 earnings per share for the current year.
Exxon Mobil Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is 29.71%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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