Summit Trail Advisors LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Summit Trail Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 23.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,169 shares of the oil and gas company’s stock after buying an additional 9,359 shares during the period. Summit Trail Advisors LLC’s holdings in Exxon Mobil were worth $5,764,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Capital Investment Counsel LLC lifted its position in Exxon Mobil by 3.8% in the third quarter. Capital Investment Counsel LLC now owns 62,090 shares of the oil and gas company’s stock valued at $7,278,000 after purchasing an additional 2,259 shares during the period. SevenBridge Financial Group LLC increased its stake in shares of Exxon Mobil by 3.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 58,259 shares of the oil and gas company’s stock worth $7,018,000 after purchasing an additional 1,673 shares in the last quarter. Centaurus Financial Inc. increased its stake in shares of Exxon Mobil by 10.3% during the 3rd quarter. Centaurus Financial Inc. now owns 41,235 shares of the oil and gas company’s stock worth $4,834,000 after purchasing an additional 3,838 shares in the last quarter. Journey Advisory Group LLC increased its stake in shares of Exxon Mobil by 1.7% during the 3rd quarter. Journey Advisory Group LLC now owns 55,350 shares of the oil and gas company’s stock worth $6,372,000 after purchasing an additional 930 shares in the last quarter. Finally, Wealth Dimensions Group Ltd. increased its stake in shares of Exxon Mobil by 1.7% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 18,028 shares of the oil and gas company’s stock worth $2,113,000 after purchasing an additional 297 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

Exxon Mobil stock opened at $121.79 on Friday. The firm has a 50 day simple moving average of $119.39 and a 200-day simple moving average of $116.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $535.28 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. The company’s revenue was down .8% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This is an increase 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 yield of 3.25%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. TD Cowen lifted their target price on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Finally, Scotiabank raised 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 note on Thursday, October 10th. One 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

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.