Savvy Advisors Inc. Buys 16,757 Shares of Exxon Mobil Co. (NYSE:XOM)

Savvy Advisors Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 141.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 28,581 shares of the oil and gas company’s stock after buying an additional 16,757 shares during the quarter. Exxon Mobil makes up approximately 0.7% of Savvy Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Savvy Advisors Inc.’s holdings in Exxon Mobil were worth $3,350,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XOM. WFA Asset Management Corp boosted its position in shares of Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after acquiring an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Exxon Mobil during the first quarter worth about $933,000. Empowered Funds LLC boosted its holdings in Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after purchasing an additional 49,083 shares in the last quarter. Hudson Value Partners LLC grew its stake in shares of Exxon Mobil by 6.5% in the 1st quarter. Hudson Value Partners LLC now owns 6,595 shares of the oil and gas company’s stock valued at $767,000 after purchasing an additional 400 shares during the period. Finally, Eagle Bay Advisors LLC lifted its position in shares of Exxon Mobil by 1.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 19,552 shares of the oil and gas company’s stock worth $2,273,000 after buying an additional 361 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.0 %

Shares of NYSE:XOM opened at $121.50 on Thursday. The company has a 50 day moving average of $118.06 and a 200-day moving average of $116.34. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a market cap of $534.00 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 5.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued 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 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current 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 issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.26%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. 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 report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. UBS Group dropped their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.