Silver Oak Securities Incorporated Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Silver Oak Securities Incorporated grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,865 shares of the oil and gas company’s stock after acquiring an additional 1,051 shares during the period. Silver Oak Securities Incorporated’s holdings in Exxon Mobil were worth $2,757,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in XOM. Sunburst Financial Group LLC lifted its holdings in shares of Exxon Mobil by 4.6% during the first quarter. Sunburst Financial Group LLC now owns 3,112 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 138 shares during the last quarter. Tarbox Family Office Inc. raised its holdings in Exxon Mobil by 4.1% in the 1st quarter. Tarbox Family Office Inc. now owns 7,060 shares of the oil and gas company’s stock worth $821,000 after acquiring an additional 276 shares during the last quarter. Dohj LLC raised its holdings in Exxon Mobil by 8.2% in the 1st quarter. Dohj LLC now owns 7,974 shares of the oil and gas company’s stock worth $927,000 after acquiring an additional 606 shares during the last quarter. Transform Wealth LLC raised its holdings in Exxon Mobil by 4.6% in the 1st quarter. Transform Wealth LLC now owns 129,244 shares of the oil and gas company’s stock worth $15,023,000 after acquiring an additional 5,625 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its holdings in Exxon Mobil by 2.6% in the 1st quarter. Cypress Wealth Services LLC now owns 13,074 shares of the oil and gas company’s stock worth $1,520,000 after acquiring an additional 334 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Mizuho boosted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Sanford C. Bernstein decreased their target price on shares of 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 analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM opened at $119.49 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization 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. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The business has a fifty day moving average price of $117.54 and a 200-day moving average price of $116.47.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. Sell-side analysts forecast 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. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 45.45%.

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.