Douglass Winthrop Advisors LLC Buys 1,802 Shares of Exxon Mobil Co. (NYSE:XOM)

Douglass Winthrop Advisors LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,921 shares of the oil and gas company’s stock after purchasing an additional 1,802 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Exxon Mobil were worth $10,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC raised its position 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 valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC boosted its holdings in 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 worth $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. Truist Financial reduced their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $121.79 on Monday. The company’s fifty day moving average is $119.39 and its 200 day moving average is $116.55. 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 Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market cap of $535.28 billion, a PE ratio of 15.17, a PEG ratio of 5.10 and a beta of 0.90.

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

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.