Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Fonville Wealth Management LLC

Fonville Wealth Management LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,138 shares of the oil and gas company’s stock after buying an additional 148 shares during the period. Fonville Wealth Management LLC’s holdings in Exxon Mobil were worth $602,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil during the first quarter worth $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its position in shares of Exxon Mobil by 360.0% in the 2nd 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 in the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on XOM shares. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. Finally, Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.37.

Exxon Mobil Stock Down 1.6 %

Shares of XOM stock opened at $114.95 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market cap of $453.25 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The stock has a 50 day moving average of $117.67 and a 200-day moving average of $116.35.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 8.01 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 45.45%.

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.