Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,184 shares of the oil and gas company’s stock after buying an additional 1,380 shares during the period. Twelve Points Wealth Management LLC’s holdings in Exxon Mobil were worth $2,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil during the first quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Truist Financial reduced their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.88.

Exxon Mobil Trading Up 0.3 %

Exxon Mobil stock opened at $120.67 on Thursday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company’s fifty day moving average price is $117.32 and its two-hundred day moving average price is $116.46. The company has a market capitalization of $475.80 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.