Glenmede Trust Co. NA Purchases 27,900 Shares of Exxon Mobil Co. (NYSE:XOM)

Glenmede Trust Co. NA lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,573,789 shares of the oil and gas company’s stock after acquiring an additional 27,900 shares during the period. Exxon Mobil makes up approximately 0.9% of Glenmede Trust Co. NA’s portfolio, making the stock its 18th largest position. Glenmede Trust Co. NA’s holdings in Exxon Mobil were worth $184,480,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC boosted its holdings in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the second quarter worth approximately $39,000. POM Investment Strategies LLC raised its holdings 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 valued at $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter valued at approximately $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Mizuho lifted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $117.98 on Wednesday. The firm has a fifty day simple moving average of $119.61 and a two-hundred day simple moving average of $116.56. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $518.53 billion, a P/E ratio of 14.69, a PEG ratio of 5.04 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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. The ex-dividend date is Thursday, November 14th. 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 3.36%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.