Miracle Mile Advisors LLC Acquires 1,886 Shares of Exxon Mobil Co. (NYSE:XOM)

Miracle Mile Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 26,891 shares of the oil and gas company’s stock after acquiring an additional 1,886 shares during the period. Miracle Mile Advisors LLC’s holdings in Exxon Mobil were worth $3,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil during the 1st quarter valued at $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its position in 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 valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% during the 2nd 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. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.18.

Exxon Mobil Stock Up 0.4 %

Exxon Mobil stock opened at $125.36 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The business’s 50-day simple moving average is $116.31 and its two-hundred day simple moving average is $116.02. The company has a market cap of $494.30 billion, a PE ratio of 15.41, a PEG ratio of 4.86 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.03%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.