Mutual Advisors LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Mutual Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 27.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 74,522 shares of the oil and gas company’s stock after acquiring an additional 16,245 shares during the period. Mutual Advisors LLC’s holdings in Exxon Mobil were worth $6,507,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC grew its position in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $275,000. Loomis Sayles & Co. L P grew its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares during the last quarter. Ergoteles LLC grew its position in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $237,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.9 %

Exxon Mobil stock opened at $113.81 on Wednesday. The stock has a market cap of $468.70 billion, a PE ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. The stock has a 50-day moving average price of $109.54 and a 200 day moving average price of $101.20. Exxon Mobil Co. has a 52 week low of $71.39 and a 52 week high of $126.54. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The firm’s revenue was up 51.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. Equities research analysts predict that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were issued a $0.91 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 annualized dividend and a yield of 3.20%. Exxon Mobil’s payout ratio is 29.71%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. HSBC raised their target price on shares of Exxon Mobil to $111.00 in a research report on Friday, December 2nd. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Jefferies Financial Group upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $133.00 in a research report on Wednesday, October 19th. Wells Fargo & Company lifted their price objective 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. Finally, Truist Financial lifted their price objective on shares of Exxon Mobil from $111.00 to $114.00 in a research report on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $114.35.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the sale, the vice president now directly owns 34,272 shares of the company’s stock, valued at approximately $3,598,560. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

About Exxon Mobil

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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.