Aviance Capital Partners LLC Acquires 300 Shares of Exxon Mobil Co. (NYSE:XOM)

Aviance Capital Partners LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,104 shares of the oil and gas company’s stock after acquiring an additional 300 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Aviance Capital Partners LLC’s holdings, making the stock its 21st largest holding. Aviance Capital Partners LLC’s holdings in Exxon Mobil were worth $7,280,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. WFA Asset Management Corp lifted its position in shares of Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $933,000. Empowered Funds LLC grew its position in Exxon Mobil by 5.6% during the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after acquiring an additional 49,083 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Exxon Mobil by 28.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 3,252 shares of the oil and gas company’s stock valued at $378,000 after purchasing an additional 730 shares in the last quarter. Finally, Ossiam raised its position in Exxon Mobil by 1,166.2% in the 1st quarter. Ossiam now owns 200,000 shares of the oil and gas company’s stock valued at $23,248,000 after purchasing an additional 184,205 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Mizuho raised their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. BMO Capital Markets upped their target price 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. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Barclays reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Up 0.9 %

Shares of Exxon Mobil stock opened at $120.33 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50-day moving average of $118.59 and a two-hundred day moving average of $116.42. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market capitalization of $528.86 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.29%. Exxon Mobil’s dividend payout ratio is 49.32%.

Exxon Mobil Company 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.