Stifel Financial Corp Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Stifel Financial Corp increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,877,581 shares of the oil and gas company’s stock after acquiring an additional 120,639 shares during the period. Stifel Financial Corp’s holdings in Exxon Mobil were worth $454,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. WBH Advisory Inc. lifted its position in Exxon Mobil by 4.3% in the second quarter. WBH Advisory Inc. now owns 7,693 shares of the oil and gas company’s stock valued at $886,000 after purchasing an additional 314 shares during the period. Amarillo National Bank increased its stake in shares of Exxon Mobil by 12.0% during the 2nd quarter. Amarillo National Bank now owns 16,454 shares of the oil and gas company’s stock worth $1,894,000 after purchasing an additional 1,766 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 14.6% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 240,546 shares of the oil and gas company’s stock worth $27,692,000 after purchasing an additional 30,681 shares in the last quarter. Cadent Capital Advisors LLC increased its stake in shares of Exxon Mobil by 2.1% during the 2nd quarter. Cadent Capital Advisors LLC now owns 44,088 shares of the oil and gas company’s stock worth $5,075,000 after purchasing an additional 890 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $53,250,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. 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 report on Friday, October 4th. Truist Financial cut their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Down 2.9 %

XOM stock opened at $114.27 on Thursday. 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 cap of $502.23 billion, a PE ratio of 14.23, a P/E/G ratio of 4.94 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a 50 day simple moving average of $119.77 and a 200 day simple moving average of $116.52.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during 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 firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared 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. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil’s dividend payout ratio is 49.32%.

About Exxon Mobil

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.