Exxon Mobil Co. (NYSE:XOM) Shares Purchased by New Century Financial Group LLC

New Century Financial Group LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,720 shares of the oil and gas company’s stock after acquiring an additional 373 shares during the quarter. New Century Financial Group LLC’s holdings in Exxon Mobil were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC lifted its position 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 buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC lifted its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3 %

XOM stock opened at $120.01 on Monday. The company’s 50 day moving average is $117.39 and its two-hundred day moving average is $116.47. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. 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 market cap of $473.20 billion, a P/E ratio of 14.71, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced 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 firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the previous year, the company earned $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 annualized dividend and a yield of 3.17%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 8th. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. UBS Group reduced their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday. They set a “neutral” rating and a $124.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

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.