Concentric Capital Strategies LP Has $1.71 Million Position in Exxon Mobil Co. (NYSE:XOM)

Concentric Capital Strategies LP raised its stake in Exxon Mobil Co. (NYSE:XOM) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,600 shares of the oil and gas company’s stock after acquiring an additional 2,174 shares during the period. Concentric Capital Strategies LP’s holdings in Exxon Mobil were worth $1,711,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC boosted its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% during 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. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the second quarter worth $46,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial decreased their price target 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. TD Cowen boosted their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

Shares of XOM opened at $117.85 on Tuesday. The business has a 50-day moving average of $119.76 and a 200-day moving average of $116.55. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market capitalization of $517.96 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 4.95 and a beta of 0.89. 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 quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share 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 dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.