Core Wealth Partners LLC Acquires 2,352 Shares of Exxon Mobil Co. (NYSE:XOM)

Core Wealth Partners LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,066 shares of the oil and gas company’s stock after purchasing an additional 2,352 shares during the period. Exxon Mobil accounts for approximately 1.2% of Core Wealth Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Core Wealth Partners LLC’s holdings in Exxon Mobil were worth $2,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Bond & Devick Financial Network Inc. grew its position in Exxon Mobil by 28.4% in the third quarter. Bond & Devick Financial Network Inc. now owns 5,505 shares of the oil and gas company’s stock valued at $645,000 after acquiring an additional 1,219 shares during the last quarter. Weil Company Inc. raised its position in Exxon Mobil by 3.0% during the 3rd quarter. Weil Company Inc. now owns 6,209 shares of the oil and gas company’s stock worth $728,000 after purchasing an additional 180 shares during the last quarter. Delta Financial Advisors LLC boosted its holdings in Exxon Mobil by 4.5% in the third quarter. Delta Financial Advisors LLC now owns 25,877 shares of the oil and gas company’s stock valued at $3,033,000 after acquiring an additional 1,124 shares during the last quarter. Beam Wealth Advisors Inc. increased its position in shares of Exxon Mobil by 3.4% during the third quarter. Beam Wealth Advisors Inc. now owns 23,565 shares of the oil and gas company’s stock worth $2,762,000 after buying an additional 777 shares during the period. Finally, Patten & Patten Inc. TN raised its position in shares of Exxon Mobil by 4.1% in the 3rd quarter. Patten & Patten Inc. TN now owns 134,326 shares of the oil and gas company’s stock worth $15,746,000 after acquiring an additional 5,267 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $120.35 on Wednesday. The firm has a 50 day moving average of $117.96 and a two-hundred day moving average of $116.32. The firm has a market capitalization of $528.95 billion, a PE ratio of 14.99, a P/E/G ratio of 5.08 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, November 4th. Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.95.

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.