Valmark Advisers Inc. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,102 shares of the oil and gas company’s stock after buying an additional 2,186 shares during the quarter. Valmark Advisers Inc.’s holdings in Exxon Mobil were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Insights Inc. purchased a new stake in shares of Exxon Mobil in the second quarter valued at $250,000. Evolution Wealth Advisors LLC lifted its stake in Exxon Mobil by 2,790.7% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 1,200 shares during the period. Barnett & Company Inc. lifted its stake in Exxon Mobil by 45.3% during the 2nd quarter. Barnett & Company Inc. now owns 1,765 shares of the oil and gas company’s stock valued at $79,000 after acquiring an additional 550 shares during the period. Exchange Traded Concepts LLC lifted its stake in Exxon Mobil by 2,029.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 2,129 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 2,029 shares during the period. Finally, Avondale Wealth Management lifted its stake in Exxon Mobil by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 2,174 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 803 shares during the period. 50.90% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on XOM. MKM Partners initiated coverage on shares of Exxon Mobil in a research note on Wednesday, September 9th. They set a “buy” rating and a $55.00 target price on the stock. Scotiabank raised shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price target for the company in a research report on Wednesday, September 23rd. Piper Sandler upped their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. SunTrust Banks initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 23rd. They set a “hold” rating and a $41.00 price target for the company. Finally, Credit Suisse Group reduced their price target on shares of Exxon Mobil from $47.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.08.
Shares of NYSE XOM opened at $38.16 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $34.05 and a 200-day simple moving average of $40.93. The company has a market cap of $161.35 billion, a PE ratio of 22.71 and a beta of 1.31. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $71.37.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.07. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $48.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business’s revenue was down 29.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.87 per share. The ex-dividend date is Tuesday, November 10th. This represents a $3.48 annualized dividend and a dividend yield of 9.12%. Exxon Mobil’s dividend payout ratio is presently 154.67%.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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