Regatta Capital Group LLC Has $1.01 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Regatta Capital Group LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,586 shares of the oil and gas company’s stock after buying an additional 229 shares during the quarter. Regatta Capital Group LLC’s holdings in Exxon Mobil were worth $1,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Magnus Financial Group LLC lifted its holdings in shares of Exxon Mobil by 37.8% in the third quarter. Magnus Financial Group LLC now owns 55,842 shares of the oil and gas company’s stock worth $6,546,000 after acquiring an additional 15,309 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its stake in Exxon Mobil by 4.9% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 7,933 shares of the oil and gas company’s stock valued at $930,000 after purchasing an additional 370 shares during the last quarter. Lockerman Financial Group Inc. boosted its position in Exxon Mobil by 5.3% in the third quarter. Lockerman Financial Group Inc. now owns 3,671 shares of the oil and gas company’s stock valued at $430,000 after buying an additional 186 shares in the last quarter. Peak Financial Management Inc. increased its holdings in shares of Exxon Mobil by 8.3% during the third quarter. Peak Financial Management Inc. now owns 4,148 shares of the oil and gas company’s stock worth $486,000 after buying an additional 319 shares in the last quarter. Finally, Shulman DeMeo Asset Management LLC lifted its stake in shares of Exxon Mobil by 5.0% in the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 6,960 shares of the oil and gas company’s stock valued at $816,000 after acquiring an additional 334 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $120.37 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a fifty day moving average of $117.22 and a 200-day moving average of $116.43. The firm has a market capitalization of $474.62 billion, a P/E ratio of 14.75, a P/E/G ratio of 5.02 and a beta of 0.89.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio is 46.57%.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

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.