Exxon Mobil Co. (NYSE:XOM) Shares Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,504 shares of the oil and gas company’s stock after acquiring an additional 284 shares during the quarter. Ellsworth Advisors LLC’s holdings in Exxon Mobil were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC boosted its position in 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 valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its position in shares of 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 last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

XOM opened at $120.00 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a market cap of $473.16 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The business’s 50 day moving average is $117.39 and its 200-day moving average is $116.51. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Truist Financial decreased 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. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday. They issued a “neutral” rating and a $124.00 target price for the company. Finally, Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.44.

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.