Great Valley Advisor Group Inc. Acquires 10,835 Shares of Exxon Mobil Co. (NYSE:XOM)

Great Valley Advisor Group Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 15.2% during the 3rd quarter, Holdings Channel reports. The firm owned 82,077 shares of the oil and gas company’s stock after buying an additional 10,835 shares during the period. Great Valley Advisor Group Inc.’s holdings in Exxon Mobil were worth $9,621,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XOM. WFA Asset Management Corp boosted its stake in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Exxon Mobil in the first quarter valued at $933,000. Keeley Teton Advisors LLC increased its position in Exxon Mobil by 4.8% in the first quarter. Keeley Teton Advisors LLC now owns 2,202 shares of the oil and gas company’s stock worth $256,000 after purchasing an additional 100 shares during the last quarter. Ceeto Capital Group LLC raised its stake in Exxon Mobil by 5.7% during the first quarter. Ceeto Capital Group LLC now owns 18,602 shares of the oil and gas company’s stock valued at $2,162,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Energy Income Partners LLC lifted its position in Exxon Mobil by 50.8% during the first quarter. Energy Income Partners LLC now owns 422,850 shares of the oil and gas company’s stock valued at $49,152,000 after purchasing an additional 142,521 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on XOM shares. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. TD Cowen raised their price target on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Price Performance

NYSE XOM opened at $121.79 on Friday. The firm’s fifty day simple moving average is $119.39 and its two-hundred day simple moving average is $116.54. 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 Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a market capitalization of $535.26 billion, a P/E ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90.

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, beating 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 business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared 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 represents a $3.96 annualized dividend and a yield of 3.25%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 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.