Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,573 shares of the oil and gas company’s stock after purchasing an additional 962 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Exxon Mobil were worth $8,390,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after buying an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after buying an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after buying an additional 5,330,887 shares in the last quarter. Legal & General Group Plc grew its holdings in Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares in the last quarter. Finally, Capital International Investors grew its holdings in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $119.35 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $524.56 billion, a P/E ratio of 14.86, a P/E/G ratio of 5.09 and a beta of 0.90. The business’s 50-day moving average is $118.49 and its two-hundred day moving average is $116.40. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

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

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, November 4th. Finally, Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. One 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.