Silicon Valley Capital Partners Raises Position in Exxon Mobil Co. (NYSE:XOM)

Silicon Valley Capital Partners lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,764 shares of the oil and gas company’s stock after purchasing an additional 1,314 shares during the period. Exxon Mobil comprises approximately 1.1% of Silicon Valley Capital Partners’ portfolio, making the stock its 28th largest holding. Silicon Valley Capital Partners’ holdings in Exxon Mobil were worth $8,529,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp boosted its position in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $933,000. Resonant Capital Advisors LLC boosted its position in shares of Exxon Mobil by 3.5% in the 1st quarter. Resonant Capital Advisors LLC now owns 44,850 shares of the oil and gas company’s stock worth $5,212,000 after purchasing an additional 1,530 shares in the last quarter. StoneX Group Inc. raised its stake in Exxon Mobil by 5.9% in the 1st quarter. StoneX Group Inc. now owns 43,226 shares of the oil and gas company’s stock worth $5,025,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV raised its stake in Exxon Mobil by 58.6% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 12,031 shares of the oil and gas company’s stock worth $1,398,000 after acquiring an additional 4,447 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on XOM shares. TD Cowen reduced their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research note on Monday. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $118.61 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $117.67 and a 200 day moving average price of $116.33. The company has a market cap of $467.68 billion, a P/E ratio of 14.19, a PEG ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 8.01 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced 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 is an increase 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 annualized dividend and a dividend yield of 3.34%. Exxon Mobil’s dividend payout ratio is 45.45%.

Exxon Mobil Company 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.