Advisory Resource Group Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Advisory Resource Group increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the third quarter, Holdings Channel reports. The fund owned 43,700 shares of the oil and gas company’s stock after purchasing an additional 1,270 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Advisory Resource Group’s portfolio, making the stock its 21st largest position. Advisory Resource Group’s holdings in Exxon Mobil were worth $5,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Austin Private Wealth LLC lifted its position in shares of Exxon Mobil by 1.3% during the second quarter. Austin Private Wealth LLC now owns 40,593 shares of the oil and gas company’s stock valued at $4,673,000 after buying an additional 529 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Exxon Mobil by 16.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,058 shares of the oil and gas company’s stock worth $237,000 after buying an additional 290 shares during the last quarter. Howard Capital Management Group LLC raised its stake in Exxon Mobil by 1.9% in the second quarter. Howard Capital Management Group LLC now owns 16,224 shares of the oil and gas company’s stock valued at $1,868,000 after buying an additional 300 shares during the last quarter. Monetary Management Group Inc. boosted its holdings in Exxon Mobil by 95.8% in the second quarter. Monetary Management Group Inc. now owns 11,650 shares of the oil and gas company’s stock worth $1,341,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Farmers Trust Co. increased its holdings in shares of Exxon Mobil by 2.5% during the second quarter. Farmers Trust Co. now owns 32,159 shares of the oil and gas company’s stock valued at $3,702,000 after acquiring an additional 784 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Down 0.8 %

XOM opened at $111.75 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market cap of $491.15 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 4.74 and a beta of 0.89. The company has a 50-day moving average price of $119.68 and a 200 day moving average price of $116.47.

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 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 firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.