RB Capital Management LLC Has $2.58 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

RB Capital Management LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,999 shares of the oil and gas company’s stock after buying an additional 350 shares during the period. RB Capital Management LLC’s holdings in Exxon Mobil were worth $2,579,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. Geode Capital Management LLC lifted its stake in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Insight Inv LLC lifted its stake in Exxon Mobil by 4.0% in the 3rd quarter. Insight Inv LLC now owns 20,581 shares of the oil and gas company’s stock valued at $2,413,000 after purchasing an additional 785 shares during the last quarter. Valued Retirements Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $4,649,000. Brophy Wealth Management LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $923,000. Finally, Vestcor Inc lifted its stake in Exxon Mobil by 0.5% in the 3rd quarter. Vestcor Inc now owns 185,284 shares of the oil and gas company’s stock valued at $21,719,000 after purchasing an additional 970 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $112.92 on Tuesday. The company’s 50 day simple moving average is $119.68 and its 200 day simple moving average is $116.47. The stock has a market capitalization of $496.29 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 4.77 and a beta of 0.89. 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.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current fiscal 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. 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 3.51%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XOM shares. Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. 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 report on Friday, October 4th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Finally, Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.