Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Zega Financial LLC

Zega Financial LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,330 shares of the oil and gas company’s stock after buying an additional 3,975 shares during the quarter. Exxon Mobil comprises about 1.4% of Zega Financial LLC’s portfolio, making the stock its 8th biggest holding. Zega Financial LLC’s holdings in Exxon Mobil were worth $9,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. DF Dent & Co. Inc. boosted its position in shares of Exxon Mobil by 10.9% during the 3rd quarter. DF Dent & Co. Inc. now owns 14,697 shares of the oil and gas company’s stock worth $1,723,000 after purchasing an additional 1,443 shares during the period. Castleark Management LLC lifted its stake in Exxon Mobil by 148.7% during the third quarter. Castleark Management LLC now owns 44,200 shares of the oil and gas company’s stock worth $5,181,000 after purchasing an additional 26,430 shares in the last quarter. Goldstream Capital Management Ltd purchased a new position in shares of Exxon Mobil during the third quarter worth $929,000. EP Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 10.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 862,807 shares of the oil and gas company’s stock valued at $101,138,000 after buying an additional 83,740 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in Exxon Mobil by 48.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 431,697 shares of the oil and gas company’s stock worth $50,604,000 after acquiring an additional 141,455 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.1 %

Shares of XOM opened at $113.57 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a fifty day moving average of $119.81 and a two-hundred day moving average of $116.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market capitalization of $499.15 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 4.80 and a beta of 0.89.

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, topping analysts’ consensus estimates 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 analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on XOM. UBS Group reduced their price target 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. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Truist Financial cut their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price 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.