CreativeOne Wealth LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

CreativeOne Wealth LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 39.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,918 shares of the oil and gas company’s stock after purchasing an additional 11,239 shares during the period. CreativeOne Wealth LLC’s holdings in Exxon Mobil were worth $4,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of XOM. Massachusetts Financial Services Co. MA boosted its position in shares of Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Exxon Mobil in the second quarter valued at about $980,210,000. International Assets Investment Management LLC boosted its holdings in Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on XOM. Truist Financial lowered their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, BMO Capital Markets raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Down 1.7 %

XOM opened at $117.98 on Wednesday. The company has a market cap of $518.53 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a 50-day moving average price of $119.61 and a 200 day moving average price of $116.56. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.