Centennial Wealth Advisory LLC Purchases 359 Shares of Exxon Mobil Co. (NYSE:XOM)

Centennial Wealth Advisory LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,892 shares of the oil and gas company’s stock after acquiring an additional 359 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Exxon Mobil were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of XOM. Maia Wealth LLC lifted its position in Exxon Mobil by 21.5% in the 3rd quarter. Maia Wealth LLC now owns 8,276 shares of the oil and gas company’s stock valued at $990,000 after acquiring an additional 1,467 shares in the last quarter. Miller Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 1.1% in the third quarter. Miller Wealth Advisors LLC now owns 314,823 shares of the oil and gas company’s stock valued at $37,889,000 after purchasing an additional 3,421 shares in the last quarter. Harvest Portfolios Group Inc. boosted its position in shares of Exxon Mobil by 11.8% during the third quarter. Harvest Portfolios Group Inc. now owns 14,767 shares of the oil and gas company’s stock valued at $1,731,000 after buying an additional 1,558 shares during the last quarter. Radnor Capital Management LLC grew its holdings in Exxon Mobil by 8.0% during the third quarter. Radnor Capital Management LLC now owns 167,144 shares of the oil and gas company’s stock worth $19,593,000 after buying an additional 12,393 shares in the last quarter. Finally, Callahan Advisors LLC raised its position in Exxon Mobil by 1.0% in the 3rd quarter. Callahan Advisors LLC now owns 160,530 shares of the oil and gas company’s stock valued at $18,817,000 after buying an additional 1,628 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $120.95 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market capitalization of $476.91 billion, a P/E ratio of 15.06, a PEG ratio of 4.96 and a beta of 0.90. The business has a fifty day moving average price of $117.78 and a 200-day moving average price of $116.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The company’s revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.97 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared 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 positive change 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 3.27%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is 47.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Truist Financial dropped their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.