Noesis Capital Mangement Corp Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Noesis Capital Mangement Corp grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.5% during the third quarter, HoldingsChannel.com reports. The firm owned 7,364 shares of the oil and gas company’s stock after acquiring an additional 637 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Exxon Mobil were worth $863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA Asset Management Corp boosted its position in Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Exxon Mobil by 29.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 762 shares in the last quarter. Austin Wealth Management LLC increased its holdings in Exxon Mobil by 32.3% during the 1st quarter. Austin Wealth Management LLC now owns 6,680 shares of the oil and gas company’s stock worth $771,000 after purchasing an additional 1,629 shares during the period. Invst LLC raised its position in Exxon Mobil by 6.0% during the 1st quarter. Invst LLC now owns 11,163 shares of the oil and gas company’s stock valued at $1,306,000 after purchasing an additional 636 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Exxon Mobil by 194.1% during the 1st quarter. Cetera Investment Advisers now owns 1,234,355 shares of the oil and gas company’s stock worth $143,481,000 after buying an additional 814,635 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM opened at $117.66 on Thursday. The company has a market cap of $517.13 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90. 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 firm’s 50-day moving average price is $119.67 and its 200-day moving average price is $116.57. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current fiscal 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 given a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Ratings Changes

A number of research firms recently weighed in on XOM. TD Cowen upped their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. UBS Group lowered their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Royal Bank of Canada lowered their target price on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. 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 data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target 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.