Hanlon Investment Management Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Hanlon Investment Management Inc. boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 4.0% in the third quarter, Holdings Channel.com reports. The firm owned 5,940 shares of the oil and gas company’s stock after acquiring an additional 231 shares during the quarter. Hanlon Investment Management Inc.’s holdings in Exxon Mobil were worth $696,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Legal & General Group Plc raised its holdings in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Finally, Capital International Investors grew its position in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE:XOM opened at $118.96 on Wednesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $469.06 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 4.79 and a beta of 0.90. The firm has a 50 day simple moving average of $117.69 and a 200 day simple moving average of $116.33.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. 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 earned $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.99 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. 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 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Truist Financial dropped their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.