Exxon Mobil Co. (NYSE:XOM) Stock Holdings Raised by McIlrath & Eck LLC

McIlrath & Eck LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,603 shares of the oil and gas company’s stock after buying an additional 387 shares during the quarter. McIlrath & Eck LLC’s holdings in Exxon Mobil were worth $657,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XOM. Second Line Capital LLC lifted its holdings in Exxon Mobil by 15.3% during the 3rd quarter. Second Line Capital LLC now owns 50,448 shares of the oil and gas company’s stock worth $5,913,000 after buying an additional 6,693 shares during the last quarter. Hohimer Wealth Management LLC raised its position in shares of Exxon Mobil by 0.5% during the 3rd quarter. Hohimer Wealth Management LLC now owns 43,944 shares of the oil and gas company’s stock valued at $5,151,000 after acquiring an additional 216 shares in the last quarter. Soltis Investment Advisors LLC lifted its stake in Exxon Mobil by 149.9% during the third quarter. Soltis Investment Advisors LLC now owns 69,525 shares of the oil and gas company’s stock worth $8,150,000 after purchasing an additional 41,708 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Exxon Mobil by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 32,005 shares of the oil and gas company’s stock worth $3,752,000 after purchasing an additional 134 shares during the period. Finally, Fortem Financial Group LLC bought a new stake in Exxon Mobil during the third quarter valued at $996,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.2 %

Exxon Mobil stock opened at $112.68 on Wednesday. The company’s 50-day moving average price is $119.68 and its two-hundred day moving average price is $116.47. The stock has a market cap of $495.24 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 4.74 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week 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.

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

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 26th. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.