Royal Harbor Partners LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Royal Harbor Partners LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 27.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,215 shares of the oil and gas company’s stock after buying an additional 1,774 shares during the period. Royal Harbor Partners LLC’s holdings in Exxon Mobil were worth $963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Financial Advisors Inc increased its stake in Exxon Mobil by 1.6% during the 3rd quarter. Northern Financial Advisors Inc now owns 23,304 shares of the oil and gas company’s stock worth $2,732,000 after buying an additional 374 shares during the period. Private Wealth Partners LLC increased its stake in Exxon Mobil by 3.8% during the 3rd quarter. Private Wealth Partners LLC now owns 16,934 shares of the oil and gas company’s stock worth $1,985,000 after buying an additional 614 shares during the period. Conning Inc. increased its stake in Exxon Mobil by 5.4% during the 3rd quarter. Conning Inc. now owns 349,298 shares of the oil and gas company’s stock worth $40,945,000 after buying an additional 17,845 shares during the period. Optas LLC increased its position in shares of Exxon Mobil by 46.5% in the 3rd quarter. Optas LLC now owns 3,416 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 1,084 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its position in shares of Exxon Mobil by 5.0% in the 3rd quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock worth $1,119,000 after purchasing an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday. BNP Paribas downgraded 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 report on Wednesday, October 9th. Finally, Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.37.

Exxon Mobil Trading Down 1.6 %

Exxon Mobil stock opened at $114.95 on Monday. 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 50-day moving average price of $117.67 and a two-hundred day moving average price of $116.33. The firm has a market capitalization of $453.25 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 9.73% and a return on equity of 16.07%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm earned $2.27 EPS. Exxon Mobil’s revenue was down .8% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 8.01 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

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.