Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Heritage Financial Services LLC

Heritage Financial Services LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 14.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,681 shares of the oil and gas company’s stock after acquiring an additional 2,020 shares during the quarter. Exxon Mobil accounts for 0.2% of Heritage Financial Services LLC’s investment portfolio, making the stock its 24th biggest position. Heritage Financial Services LLC’s holdings in Exxon Mobil were worth $1,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ballentine Partners LLC increased its position in shares of Exxon Mobil by 8.0% during the third quarter. Ballentine Partners LLC now owns 56,664 shares of the oil and gas company’s stock worth $6,642,000 after acquiring an additional 4,187 shares during the last quarter. Freedom Day Solutions LLC increased its position in shares of Exxon Mobil by 13.3% during the third quarter. Freedom Day Solutions LLC now owns 20,334 shares of the oil and gas company’s stock worth $2,384,000 after acquiring an additional 2,387 shares during the last quarter. Financial Partners Group LLC increased its position in shares of Exxon Mobil by 0.4% during the third quarter. Financial Partners Group LLC now owns 94,377 shares of the oil and gas company’s stock worth $11,063,000 after acquiring an additional 380 shares during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth about $348,000. Finally, Silver Oak Securities Incorporated increased its position in shares of Exxon Mobil by 4.6% during the third quarter. Silver Oak Securities Incorporated now owns 23,865 shares of the oil and gas company’s stock worth $2,757,000 after acquiring an additional 1,051 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 8th. UBS Group decreased their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $119.49 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $117.54 and a 200-day simple moving average of $116.47. The company 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 Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio is presently 45.45%.

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.