Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 41.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,050 shares of the oil and gas company’s stock after purchasing an additional 45,238 shares during the period. Exxon Mobil makes up 1.5% of Icon Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Icon Wealth Advisors LLC’s holdings in Exxon Mobil were worth $18,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its stake in shares of Exxon Mobil by 29.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after buying an additional 762 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $461,000. Clear Rock Advisors LLC grew its position in shares of Exxon Mobil by 65.9% in the first quarter. Clear Rock Advisors LLC now owns 7,551 shares of the oil and gas company’s stock valued at $878,000 after purchasing an additional 3,000 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 103.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 24,973 shares of the oil and gas company’s stock worth $2,954,000 after purchasing an additional 12,723 shares in the last quarter. Finally, OMC Financial Services LTD acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $954,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on XOM. TD Cowen lifted their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Royal Bank of Canada cut their price objective on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Tuesday. UBS Group decreased their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Price Performance

XOM opened at $117.66 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a 50 day moving average of $119.70 and a two-hundred day moving average of $116.57. The company has a market cap of $517.13 billion, a P/E ratio of 14.65, a P/E/G ratio of 4.94 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.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.94 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. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

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.