Fiduciary Alliance LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Fiduciary Alliance LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 217.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,757 shares of the oil and gas company’s stock after acquiring an additional 45,734 shares during the quarter. Fiduciary Alliance LLC’s holdings in Exxon Mobil were worth $7,825,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC boosted 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 period. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the second quarter worth $39,000. Finally, POM Investment Strategies LLC boosted 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 period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.4 %

Shares of NYSE:XOM opened at $124.11 on Tuesday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market cap of $489.37 billion, a PE ratio of 15.21, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock’s 50-day moving average is $117.09 and its 200 day moving average is $116.40.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.06%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XOM. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Truist Financial dropped 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. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Tuesday, October 8th. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $131.88.

Exxon Mobil 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.