Grandview Asset Management LLC Has $839,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Grandview Asset Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,155 shares of the oil and gas company’s stock after selling 334 shares during the period. Exxon Mobil comprises 0.5% of Grandview Asset Management LLC’s investment portfolio, making the stock its 29th biggest holding. Grandview Asset Management LLC’s holdings in Exxon Mobil were worth $839,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. J. W. Coons Advisors LLC grew its holdings in Exxon Mobil by 0.5% during the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after buying an additional 208 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in Exxon Mobil by 4.9% during the 4th quarter. Epoch Investment Partners Inc. now owns 89,819 shares of the oil and gas company’s stock worth $8,980,000 after acquiring an additional 4,230 shares during the last quarter. Wealth Quarterback LLC grew its stake in shares of Exxon Mobil by 47.4% in the 4th quarter. Wealth Quarterback LLC now owns 15,568 shares of the oil and gas company’s stock worth $1,557,000 after acquiring an additional 5,009 shares in the last quarter. Waterloo Capital L.P. raised its holdings in shares of Exxon Mobil by 59.2% in the fourth quarter. Waterloo Capital L.P. now owns 9,587 shares of the oil and gas company’s stock valued at $958,000 after purchasing an additional 3,565 shares during the last quarter. Finally, Watchman Group Inc. lifted its position in shares of Exxon Mobil by 22.6% during the fourth quarter. Watchman Group Inc. now owns 2,580 shares of the oil and gas company’s stock valued at $258,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. Wolfe Research assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $2.25 during midday trading on Friday, hitting $124.83. The company’s stock had a trading volume of 19,759,207 shares, compared to its average volume of 16,859,965. The firm has a market capitalization of $492.21 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 4.86 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $116.31 and a 200 day moving average price of $116.00. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $125.19.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.04%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.