LexAurum Advisors LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

LexAurum Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 47.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,268 shares of the oil and gas company’s stock after acquiring an additional 3,650 shares during the period. LexAurum Advisors LLC’s holdings in Exxon Mobil were worth $1,321,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Conrad Siegel Investment Advisors Inc. purchased a new position in Exxon Mobil in the 1st quarter worth $218,000. St. Louis Financial Planners Asset Management LLC increased its holdings in shares of Exxon Mobil by 23.1% in the first quarter. St. Louis Financial Planners Asset Management LLC now owns 19,476 shares of the oil and gas company’s stock valued at $2,324,000 after purchasing an additional 3,654 shares during the period. Wedmont Private Capital raised its stake in shares of Exxon Mobil by 15.8% in the first quarter. Wedmont Private Capital now owns 44,153 shares of the oil and gas company’s stock worth $5,350,000 after purchasing an additional 6,020 shares during the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Exxon Mobil by 20.7% during the first quarter. Sunflower Bank N.A. now owns 22,368 shares of the oil and gas company’s stock worth $2,600,000 after purchasing an additional 3,839 shares during the period. Finally, Grandview Asset Management LLC boosted its position in Exxon Mobil by 5.4% in the first quarter. Grandview Asset Management LLC now owns 6,970 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 360 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $120.00 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The firm has a market cap of $473.16 billion, a PE ratio of 14.71, a PEG ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a fifty day moving average of $117.39 and a 200 day moving average of $116.51.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s payout ratio is currently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Redburn Atlantic restated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Barclays lowered their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday. They set a “neutral” rating and a $124.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

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.