Weaver Consulting Group Acquires 1,339 Shares of Exxon Mobil Co. (NYSE:XOM)

Weaver Consulting Group lifted its position in Exxon Mobil Co. (NYSE:XOM) by 18.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,771 shares of the oil and gas company’s stock after purchasing an additional 1,339 shares during the period. Weaver Consulting Group’s holdings in Exxon Mobil were worth $1,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA acquired a new position in shares of Exxon Mobil during the second quarter worth $980,210,000. International Assets Investment Management LLC lifted its holdings in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.5 %

Shares of Exxon Mobil stock opened at $114.84 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $504.73 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 4.94 and a beta of 0.89. The firm has a 50-day simple moving average of $119.81 and a two-hundred day simple moving average of $116.51.

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 company had revenue of $90.02 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.27 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal 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 paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.45%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

Several brokerages have weighed in on XOM. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Truist Financial cut their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada reduced their price objective on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 26th. Finally, Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.