Exxon Mobil Co. (NYSE:XOM) Shares Bought by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,832 shares of the oil and gas company’s stock after buying an additional 2,082 shares during the period. Exxon Mobil comprises 2.3% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 8th biggest position. Richard C. Young & CO. LTD.’s holdings in Exxon Mobil were worth $21,080,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC increased its holdings in shares of Exxon Mobil by 157.5% in the third quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock valued at $1,046,000 after purchasing an additional 5,459 shares in the last quarter. Islay Capital Management LLC increased its holdings in shares of Exxon Mobil by 2.2% in the third quarter. Islay Capital Management LLC now owns 14,048 shares of the oil and gas company’s stock valued at $1,647,000 after purchasing an additional 300 shares in the last quarter. Aljian Capital Management LLC increased its holdings in shares of Exxon Mobil by 235.6% in the third quarter. Aljian Capital Management LLC now owns 12,080 shares of the oil and gas company’s stock valued at $1,416,000 after purchasing an additional 8,480 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in shares of Exxon Mobil by 0.7% in the third quarter. TrinityPoint Wealth LLC now owns 43,492 shares of the oil and gas company’s stock valued at $5,098,000 after purchasing an additional 285 shares in the last quarter. Finally, Glass Wealth Management Co LLC increased its holdings in shares of Exxon Mobil by 2.9% in the third quarter. Glass Wealth Management Co LLC now owns 66,987 shares of the oil and gas company’s stock valued at $7,852,000 after purchasing an additional 1,914 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on XOM shares. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Mizuho raised their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. TD Cowen reduced 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 note on Monday, November 4th. UBS Group reduced 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 note on Wednesday, September 18th. Finally, Truist Financial reduced their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Down 1.0 %

Shares of XOM stock opened at $119.31 on Monday. 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 1 year low of $95.77 and a 1 year high of $126.34. The firm’s fifty day moving average price is $118.49 and its two-hundred day moving average price is $116.39. The firm has a market capitalization of $524.38 billion, a P/E ratio of 14.86, a PEG ratio of 5.00 and a beta of 0.90.

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

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.32%. Exxon Mobil’s payout ratio is currently 49.32%.

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.