Exxon Mobil Co. (NYSE:XOM) Shares Bought by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,420 shares of the oil and gas company’s stock after purchasing an additional 113 shares during the period. Exxon Mobil comprises 0.8% of Alliance Wealth Advisors LLC’s portfolio, making the stock its 22nd largest position. Alliance Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC grew its stake in 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 purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% in the 2nd 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 in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.3 %

Exxon Mobil stock opened at $120.67 on Thursday. The firm has a market capitalization of $475.80 billion, a P/E ratio of 14.79, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a 50-day simple moving average of $117.32 and a 200-day simple moving average of $116.46. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the business earned $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Truist Financial lowered their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Morgan Stanley reduced their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.88.

About Exxon Mobil

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.