ABLE Financial Group LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

ABLE Financial Group LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,499 shares of the oil and gas company’s stock after buying an additional 246 shares during the period. ABLE Financial Group LLC’s holdings in Exxon Mobil were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Massachusetts Financial Services Co. MA lifted its stake in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $980,210,000. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Capital International Investors increased its position in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 5,330,887 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Down 0.0 %

Shares of NYSE XOM opened at $121.11 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The business’s 50 day moving average is $117.91 and its two-hundred day moving average is $116.40. The firm has a market cap of $532.29 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 5.07 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts predict 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. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. 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 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.