Great Lakes Retirement Inc. Has $1.52 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Great Lakes Retirement Inc. grew its position in Exxon Mobil Co. (NYSE:XOM) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,972 shares of the oil and gas company’s stock after purchasing an additional 866 shares during the period. Great Lakes Retirement Inc.’s holdings in Exxon Mobil were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in XOM. Constitution Capital LLC lifted its holdings in shares of Exxon Mobil by 187.9% during the first quarter. Constitution Capital LLC now owns 9,500 shares of the oil and gas company’s stock worth $1,104,000 after buying an additional 6,200 shares in the last quarter. Davis Investment Partners LLC increased its position in Exxon Mobil by 4.1% during the first quarter. Davis Investment Partners LLC now owns 29,151 shares of the oil and gas company’s stock worth $3,562,000 after acquiring an additional 1,137 shares during the period. Elevated Capital Advisors LLC raised its stake in Exxon Mobil by 2.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 41,088 shares of the oil and gas company’s stock worth $4,776,000 after purchasing an additional 1,028 shares in the last quarter. RMR Wealth Builders boosted its holdings in Exxon Mobil by 20.9% in the 1st quarter. RMR Wealth Builders now owns 29,899 shares of the oil and gas company’s stock valued at $3,476,000 after purchasing an additional 5,165 shares during the period. Finally, Sovereign Financial Group Inc. boosted its holdings in Exxon Mobil by 15.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 17,935 shares of the oil and gas company’s stock valued at $2,085,000 after purchasing an additional 2,394 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XOM shares. Truist Financial dropped their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Sanford C. Bernstein reduced their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Trading Down 0.6 %

Shares of XOM stock opened at $119.60 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock’s fifty day simple moving average is $117.49 and its 200 day simple moving average is $116.49. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $471.58 billion, a P/E ratio of 14.66, a P/E/G ratio of 5.02 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, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.11 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. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. 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.