Advantage Trust Co Increases Position in Exxon Mobil Co. (NYSE:XOM)

Advantage Trust Co boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 33.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 800 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the quarter. Advantage Trust Co’s holdings in Exxon Mobil were worth $94,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Etfidea LLC increased its position in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC boosted its position in shares of Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after purchasing an additional 86 shares during the period. Integral Investment Advisors Inc. raised its position in Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after purchasing an additional 87 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC lifted its stake in Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $120.47 on Tuesday. The stock has a market capitalization of $529.48 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 5.08 and a beta of 0.90. The firm’s fifty day simple moving average is $117.91 and its 200-day simple moving average is $116.33. 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 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XOM shares. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Mizuho upped their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, 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 note on Monday, September 30th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Company 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.