Elite Wealth Management Inc. Has $496,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Elite Wealth Management Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 19.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,232 shares of the oil and gas company’s stock after buying an additional 700 shares during the period. Exxon Mobil makes up approximately 0.1% of Elite Wealth Management Inc.’s holdings, making the stock its 29th biggest position. Elite Wealth Management Inc.’s holdings in Exxon Mobil were worth $496,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WFA Asset Management Corp boosted its stake in Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Exxon Mobil by 29.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 762 shares in the last quarter. Austin Wealth Management LLC grew its holdings in shares of Exxon Mobil by 32.3% during the 1st quarter. Austin Wealth Management LLC now owns 6,680 shares of the oil and gas company’s stock worth $771,000 after purchasing an additional 1,629 shares in the last quarter. Invst LLC grew its holdings in shares of Exxon Mobil by 6.0% during the 1st quarter. Invst LLC now owns 11,163 shares of the oil and gas company’s stock worth $1,306,000 after purchasing an additional 636 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Exxon Mobil by 194.1% during the 1st quarter. Cetera Investment Advisers now owns 1,234,355 shares of the oil and gas company’s stock worth $143,481,000 after purchasing an additional 814,635 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3 %

NYSE:XOM opened at $117.66 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $517.13 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90. The stock has a 50-day moving average price of $119.67 and a two-hundred day moving average price of $116.57.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group raised their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil 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.