Platform Technology Partners Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Platform Technology Partners boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,015 shares of the oil and gas company’s stock after buying an additional 218 shares during the quarter. Platform Technology Partners’ holdings in Exxon Mobil were worth $1,291,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil in the second quarter worth $39,000. Finally, POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.1 %

Shares of NYSE XOM opened at $120.35 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market cap of $528.95 billion, a PE ratio of 14.99, a P/E/G ratio of 5.05 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $117.96 and a 200 day moving average of $116.32.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. Truist Financial dropped 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. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.95.

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.