Legacy Investment Solutions LLC Invests $307,000 in Exxon Mobil Co. (NYSE:XOM)

Legacy Investment Solutions LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 2,527 shares of the oil and gas company’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mosaic Financial Group LLC boosted its position in Exxon Mobil by 2.0% during the 3rd quarter. Mosaic Financial Group LLC now owns 8,165 shares of the oil and gas company’s stock valued at $957,000 after buying an additional 157 shares during the period. Dunhill Financial LLC grew its stake in shares of Exxon Mobil by 49.6% in the third quarter. Dunhill Financial LLC now owns 1,418 shares of the oil and gas company’s stock worth $166,000 after purchasing an additional 470 shares during the last quarter. Passive Capital Management LLC. purchased a new position in Exxon Mobil during the 3rd quarter valued at about $200,000. Orion Portfolio Solutions LLC raised its position in Exxon Mobil by 12.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 235,002 shares of the oil and gas company’s stock valued at $27,547,000 after purchasing an additional 26,252 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Exxon Mobil by 459.5% in the 3rd quarter. World Investment Advisors LLC now owns 448,074 shares of the oil and gas company’s stock worth $52,523,000 after buying an additional 367,988 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. TD Cowen lifted their target price on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $113.57 on Friday. The stock has a market cap of $499.15 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 4.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm’s 50-day moving average is $119.77 and its 200 day moving average is $116.46.

Exxon Mobil (NYSE:XOM) last posted 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 net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm 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 $0.99 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.49%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.