Acorn Wealth Advisors LLC Purchases 3,937 Shares of Exxon Mobil Co. (NYSE:XOM)

Acorn Wealth Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 117.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,280 shares of the oil and gas company’s stock after acquiring an additional 3,937 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Exxon Mobil were worth $853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the second quarter worth about $39,000. POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil in the second quarter worth about $46,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM traded down $0.66 during trading hours on Monday, hitting $121.13. The stock had a trading volume of 1,857,191 shares, compared to its average volume of 16,196,571. The company’s fifty day simple moving average is $119.39 and its 200 day simple moving average is $116.55. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market cap of $532.38 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 7.96 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. 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 research note on Monday, September 30th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

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.