Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lifted by Capital Investment Counsel LLC

Capital Investment Counsel LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 62,090 shares of the oil and gas company’s stock after acquiring an additional 2,259 shares during the quarter. Exxon Mobil comprises 1.3% of Capital Investment Counsel LLC’s holdings, making the stock its 29th biggest position. Capital Investment Counsel LLC’s holdings in Exxon Mobil were worth $7,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. SevenBridge Financial Group LLC lifted its holdings in shares of Exxon Mobil by 3.0% during the third quarter. SevenBridge Financial Group LLC now owns 58,259 shares of the oil and gas company’s stock valued at $7,018,000 after purchasing an additional 1,673 shares during the last quarter. Centaurus Financial Inc. raised its holdings in Exxon Mobil by 10.3% during the 3rd quarter. Centaurus Financial Inc. now owns 41,235 shares of the oil and gas company’s stock worth $4,834,000 after buying an additional 3,838 shares during the period. Journey Advisory Group LLC raised its holdings in Exxon Mobil by 1.7% during the 3rd quarter. Journey Advisory Group LLC now owns 55,350 shares of the oil and gas company’s stock worth $6,372,000 after buying an additional 930 shares during the period. Wealth Dimensions Group Ltd. lifted its stake in Exxon Mobil by 1.7% during the third quarter. Wealth Dimensions Group Ltd. now owns 18,028 shares of the oil and gas company’s stock valued at $2,113,000 after buying an additional 297 shares in the last quarter. Finally, Borer Denton & Associates Inc. acquired a new position in shares of Exxon Mobil in the third quarter worth about $227,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.1 %

XOM stock opened at $121.79 on Friday. The firm has a market cap of $535.28 billion, a PE ratio of 15.17, a PEG ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a fifty day simple moving average of $119.39 and a 200 day simple moving average of $116.54. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. TD Cowen increased their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.