Delta Financial Advisors LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Delta Financial Advisors LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,877 shares of the oil and gas company’s stock after purchasing an additional 1,124 shares during the quarter. Delta Financial Advisors LLC’s holdings in Exxon Mobil were worth $3,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC increased its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. UBS Group decreased their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. TD Cowen decreased their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM opened at $120.35 on Wednesday. The company’s 50-day simple moving average is $117.96 and its 200 day simple moving average is $116.32. The firm has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a PEG ratio of 5.08 and a beta of 0.90. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 47.32%.

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.