Pure Financial Advisors LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Pure Financial Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,064 shares of the oil and gas company’s stock after acquiring an additional 3,502 shares during the period. Pure Financial Advisors LLC’s holdings in Exxon Mobil were worth $3,876,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Harbor Partners LLC grew its position in Exxon Mobil by 27.5% in the 3rd quarter. Royal Harbor Partners LLC now owns 8,215 shares of the oil and gas company’s stock valued at $963,000 after buying an additional 1,774 shares during the last quarter. Northern Financial Advisors Inc lifted its stake in shares of Exxon Mobil by 1.6% in the 3rd quarter. Northern Financial Advisors Inc now owns 23,304 shares of the oil and gas company’s stock worth $2,732,000 after acquiring an additional 374 shares during the period. Private Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 3.8% in the third quarter. Private Wealth Partners LLC now owns 16,934 shares of the oil and gas company’s stock valued at $1,985,000 after acquiring an additional 614 shares in the last quarter. Conning Inc. increased its stake in shares of Exxon Mobil by 5.4% during the third quarter. Conning Inc. now owns 349,298 shares of the oil and gas company’s stock worth $40,945,000 after acquiring an additional 17,845 shares during the period. Finally, Optas LLC lifted its position in Exxon Mobil by 46.5% in the third quarter. Optas LLC now owns 3,416 shares of the oil and gas company’s stock valued at $400,000 after purchasing an additional 1,084 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on XOM shares. Sanford C. Bernstein cut their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $130.37.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.95 on Monday. The firm’s fifty day simple moving average is $117.67 and its 200 day simple moving average is $116.33. 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 Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market capitalization of $453.25 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 8.01 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 45.45%.

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.