Tamar Securities LLC Acquires 23,010 Shares of Exxon Mobil Co. (NYSE:XOM)

Tamar Securities LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 17.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,556 shares of the oil and gas company’s stock after purchasing an additional 23,010 shares during the period. Exxon Mobil makes up 2.5% of Tamar Securities LLC’s holdings, making the stock its 19th largest position. Tamar Securities LLC’s holdings in Exxon Mobil were worth $17,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC increased its position 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 valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC grew its stake in 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 valued at $43,000 after purchasing an additional 340 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Truist Financial cut their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, UBS Group cut their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.88.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE:XOM opened at $120.67 on Thursday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The business’s 50 day simple moving average is $117.32 and its two-hundred day simple moving average is $116.46. The firm has a market cap of $475.80 billion, a P/E ratio of 14.79, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during 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% on a year-over-year basis. During the same period last year, the business posted $1.94 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 dividend yield of 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.