Exxon Mobil Co. (NYSE:XOM) Stake Boosted by Vestor Capital LLC

Vestor Capital LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1,129.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,083 shares of the oil and gas company’s stock after purchasing an additional 82,757 shares during the quarter. Vestor Capital LLC’s holdings in Exxon Mobil were worth $10,560,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp increased its stake in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $933,000. Resonant Capital Advisors LLC grew its position in shares of Exxon Mobil by 3.5% in the first quarter. Resonant Capital Advisors LLC now owns 44,850 shares of the oil and gas company’s stock valued at $5,212,000 after purchasing an additional 1,530 shares during the last quarter. StoneX Group Inc. lifted its stake in shares of Exxon Mobil by 5.9% in the first quarter. StoneX Group Inc. now owns 43,226 shares of the oil and gas company’s stock valued at $5,025,000 after buying an additional 2,392 shares during the period. Finally, Smith Shellnut Wilson LLC ADV lifted its stake in shares of Exxon Mobil by 58.6% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 12,031 shares of the oil and gas company’s stock valued at $1,398,000 after buying an additional 4,447 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 3.2 %

XOM opened at $118.61 on Tuesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $117.67 and a 200-day moving average of $116.33. The stock has a market cap of $467.68 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $2.27 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.01 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 45.45%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.