Salomon & Ludwin LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 62.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,079 shares of the oil and gas company’s stock after acquiring an additional 5,783 shares during the quarter. Salomon & Ludwin LLC’s holdings in Exxon Mobil were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Wilson & Boucher Capital Management LLC raised its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after buying an additional 95 shares during the period. Blooom Inc. increased its stake in Exxon Mobil by 0.8% during the third quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock worth $1,082,000 after purchasing an additional 97 shares during the period. OneAscent Wealth Management LLC increased its stake in Exxon Mobil by 1.5% during the third quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock worth $589,000 after purchasing an additional 97 shares during the period. Sather Financial Group Inc increased its stake in Exxon Mobil by 2.6% during the third quarter. Sather Financial Group Inc now owns 4,030 shares of the oil and gas company’s stock worth $352,000 after purchasing an additional 101 shares during the period. Finally, Forefront Wealth Management Inc. increased its stake in shares of Exxon Mobil by 2.8% during the third quarter. Forefront Wealth Management Inc. now owns 3,743 shares of the oil and gas company’s stock worth $327,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 18th. Barclays upped their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Credit Suisse Group upped their price target on Exxon Mobil to $130.00 in a report on Tuesday, November 1st. Finally, BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.35.
Insiders Place Their Bets
Exxon Mobil Stock Performance
Shares of NYSE:XOM opened at $113.81 on Wednesday. The company has a market cap of $468.70 billion, a P/E ratio of 9.29, a PEG ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. Exxon Mobil Co. has a one year low of $71.39 and a one year high of $126.54. The business’s 50-day simple moving average is $109.54 and its 200 day simple moving average is $101.20.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. Exxon Mobil’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is 29.71%.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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