Shulman DeMeo Asset Management LLC Acquires 334 Shares of Exxon Mobil Co. (NYSE:XOM)

Shulman DeMeo Asset Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,960 shares of the oil and gas company’s stock after acquiring an additional 334 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Exxon Mobil were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.88.

Exxon Mobil Stock Down 3.0 %

Exxon Mobil stock traded down $3.73 during mid-day trading on Tuesday, hitting $120.35. The company had a trading volume of 15,752,166 shares, compared to its average volume of 16,698,002. The stock has a market cap of $474.54 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $117.09 and a 200 day moving average of $116.40.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the firm posted $1.94 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.