EverSource Wealth Advisors LLC Purchases 1,146 Shares of Exxon Mobil Co. (NYSE:XOM)

EverSource Wealth Advisors LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,606 shares of the oil and gas company’s stock after purchasing an additional 1,146 shares during the period. EverSource Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,588,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EagleClaw Capital Managment LLC grew its stake in shares of Exxon Mobil by 2.6% in the third quarter. EagleClaw Capital Managment LLC now owns 5,910 shares of the oil and gas company’s stock worth $693,000 after acquiring an additional 150 shares during the last quarter. First Horizon Advisors Inc. grew its position in Exxon Mobil by 4.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 293,537 shares of the oil and gas company’s stock valued at $34,409,000 after purchasing an additional 11,373 shares during the last quarter. Howe & Rusling Inc. grew its position in Exxon Mobil by 3.5% during the 3rd quarter. Howe & Rusling Inc. now owns 251,259 shares of the oil and gas company’s stock valued at $29,453,000 after purchasing an additional 8,570 shares during the last quarter. Briaud Financial Planning Inc increased its stake in Exxon Mobil by 3.5% during the 3rd quarter. Briaud Financial Planning Inc now owns 14,022 shares of the oil and gas company’s stock valued at $1,643,000 after purchasing an additional 475 shares in the last quarter. Finally, Commerce Bank lifted its stake in shares of Exxon Mobil by 1.5% in the third quarter. Commerce Bank now owns 1,506,238 shares of the oil and gas company’s stock worth $176,561,000 after buying an additional 22,623 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $0.71 during midday trading on Wednesday, reaching $119.34. The stock had a trading volume of 1,683,306 shares, compared to its average volume of 16,237,369. The company has a market capitalization of $524.51 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a 50-day moving average of $118.75 and a 200-day moving average of $116.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.32%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

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.