Wealth Quarterback LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Wealth Quarterback LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,760 shares of the oil and gas company’s stock after purchasing an additional 1,632 shares during the period. Exxon Mobil accounts for about 1.1% of Wealth Quarterback LLC’s holdings, making the stock its 19th biggest position. Wealth Quarterback LLC’s holdings in Exxon Mobil were worth $2,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Assetmark Inc. lifted its position in shares of Exxon Mobil by 3.8% during the 3rd quarter. Assetmark Inc. now owns 503,266 shares of the oil and gas company’s stock worth $58,993,000 after buying an additional 18,528 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Exxon Mobil by 2.8% during the third quarter. Verdence Capital Advisors LLC now owns 105,946 shares of the oil and gas company’s stock valued at $12,419,000 after acquiring an additional 2,887 shares during the last quarter. Rockbridge Investment Management LCC lifted its holdings in Exxon Mobil by 3.1% during the third quarter. Rockbridge Investment Management LCC now owns 4,778 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 145 shares during the period. Beta Wealth Group Inc. raised its stake in shares of Exxon Mobil by 5.4% during the 3rd quarter. Beta Wealth Group Inc. now owns 5,915 shares of the oil and gas company’s stock worth $693,000 after purchasing an additional 304 shares during the period. Finally, Executive Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 361.9% in the 3rd quarter. Executive Wealth Management LLC now owns 54,102 shares of the oil and gas company’s stock worth $6,342,000 after buying an additional 42,390 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.0 %

XOM opened at $121.11 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. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market capitalization of $532.29 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 5.07 and a beta of 0.90. The company has a fifty day moving average price of $117.91 and a 200-day moving average price of $116.40.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 analysts’ expectations of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.