Mainstay Capital Management LLC ADV Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Mainstay Capital Management LLC ADV grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,388 shares of the oil and gas company’s stock after acquiring an additional 980 shares during the period. Exxon Mobil comprises approximately 0.5% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 11th biggest holding. Mainstay Capital Management LLC ADV’s holdings in Exxon Mobil were worth $3,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in Exxon Mobil in the 2nd quarter worth $39,000. Finally, POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% in the 2nd 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.

Wall Street Analyst Weigh In

Several research analysts recently commented on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Bank of America began 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, Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE XOM opened at $119.49 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a market cap of $471.15 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. 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’s 50 day simple moving average is $117.54 and its 200 day simple moving average is $116.47.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.94 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 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.