Wealth Dimensions Group Ltd. Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Wealth Dimensions Group Ltd. boosted its position in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,028 shares of the oil and gas company’s stock after purchasing an additional 297 shares during the period. Exxon Mobil makes up approximately 0.5% of Wealth Dimensions Group Ltd.’s holdings, making the stock its 29th largest holding. Wealth Dimensions Group Ltd.’s holdings in Exxon Mobil were worth $2,113,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% during the 2nd 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 in the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil in the 2nd quarter worth about $39,000. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at about $46,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $121.79 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 1 year low of $95.77 and a 1 year high of $126.34. The stock’s 50 day simple moving average is $119.39 and its 200 day simple moving average is $116.54. The firm has a market cap of $535.28 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 5.10 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 7.96 earnings per share for the current 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. This represents a $3.96 annualized dividend and a dividend yield of 3.25%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Ratings Changes

Several equities analysts recently commented on XOM shares. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Barclays decreased 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. JPMorgan Chase & Co. boosted their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Finally, Truist Financial decreased their price target 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. One equities 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 company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil 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.