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

Charles Schwab Investment Management Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,160,117 shares of the oil and gas company’s stock after acquiring an additional 146,374 shares during the period. Exxon Mobil makes up approximately 0.7% of Charles Schwab Investment Management Inc.’s holdings, making the stock its 28th biggest holding. Charles Schwab Investment Management Inc.’s holdings in Exxon Mobil were worth $3,652,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blackhawk Capital Partners LLC. raised its position in Exxon Mobil by 2.2% during the third quarter. Blackhawk Capital Partners LLC. now owns 33,052 shares of the oil and gas company’s stock valued at $3,874,000 after purchasing an additional 723 shares during the period. Pacer Advisors Inc. lifted its position in Exxon Mobil by 4.1% in the third quarter. Pacer Advisors Inc. now owns 335,319 shares of the oil and gas company’s stock worth $39,306,000 after buying an additional 13,215 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Exxon Mobil by 9.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 18,328,008 shares of the oil and gas company’s stock worth $2,148,409,000 after buying an additional 1,512,694 shares during the period. Integrated Investment Consultants LLC increased its position in Exxon Mobil by 2,590.9% during the third quarter. Integrated Investment Consultants LLC now owns 256,038 shares of the oil and gas company’s stock valued at $30,013,000 after acquiring an additional 246,523 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Exxon Mobil by 8.2% in the third quarter. Thompson Siegel & Walmsley LLC now owns 52,191 shares of the oil and gas company’s stock valued at $6,118,000 after acquiring an additional 3,977 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Trading Up 0.4 %

Shares of XOM opened at $120.83 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $531.06 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. The firm has a 50 day simple moving average of $118.96 and a 200-day simple moving average of $116.47.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. Equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.28%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.