Exxon Mobil Co. (NYSE:XOM) Shares Bought by EdgeRock Capital LLC

EdgeRock Capital LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,066 shares of the oil and gas company’s stock after purchasing an additional 302 shares during the quarter. EdgeRock Capital LLC’s holdings in Exxon Mobil were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kapitalo Investimentos Ltda acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $524,000. QV Investors Inc. grew its stake in Exxon Mobil by 0.6% during the 3rd quarter. QV Investors Inc. now owns 41,611 shares of the oil and gas company’s stock valued at $4,878,000 after purchasing an additional 240 shares during the last quarter. Regatta Capital Group LLC increased its holdings in shares of Exxon Mobil by 2.7% in the third quarter. Regatta Capital Group LLC now owns 8,586 shares of the oil and gas company’s stock valued at $1,006,000 after purchasing an additional 229 shares during the period. Magnus Financial Group LLC raised its stake 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 purchasing an additional 15,309 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC lifted its holdings in shares of Exxon Mobil by 4.9% during the third quarter. Ullmann Wealth Partners Group LLC now owns 7,933 shares of the oil and gas company’s stock worth $930,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BNP Paribas downgraded 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. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Truist Financial lowered their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

Exxon Mobil Stock Performance

XOM opened at $120.37 on Wednesday. The firm’s fifty day simple moving average is $117.22 and its two-hundred day simple moving average is $116.43. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market cap of $474.62 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 5.02 and a beta of 0.89. 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 (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid 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 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.