Jaffetilchin Investment Partners LLC Has $2.01 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Jaffetilchin Investment Partners LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 35.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,163 shares of the oil and gas company’s stock after purchasing an additional 4,496 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Exxon Mobil were worth $2,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC grew its stake in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC grew its holdings 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 buying an additional 340 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

Shares of NYSE:XOM opened at $120.35 on Wednesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a fifty day simple moving average of $117.96 and a two-hundred day simple moving average of $116.32. The stock has a market capitalization of $528.95 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 5.08 and a beta of 0.90. 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 posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Truist Financial cut their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. One equities 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

About Exxon Mobil

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.