Exeter Financial LLC Has $2.25 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Exeter Financial LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,188 shares of the oil and gas company’s stock after selling 703 shares during the quarter. Exeter Financial LLC’s holdings in Exxon Mobil were worth $2,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Omega Financial Group LLC increased its position in shares of Exxon Mobil by 19.9% in the third quarter. Omega Financial Group LLC now owns 2,210 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 367 shares during the last quarter. Bangor Savings Bank increased its position in shares of Exxon Mobil by 2.0% in the third quarter. Bangor Savings Bank now owns 25,523 shares of the oil and gas company’s stock valued at $2,992,000 after acquiring an additional 503 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Exxon Mobil by 2.7% in the third quarter. Versant Capital Management Inc now owns 81,061 shares of the oil and gas company’s stock valued at $9,502,000 after acquiring an additional 2,110 shares during the last quarter. EWG Elevate Inc. increased its position in shares of Exxon Mobil by 6.8% in the third quarter. EWG Elevate Inc. now owns 3,784 shares of the oil and gas company’s stock valued at $444,000 after acquiring an additional 240 shares during the last quarter. Finally, Richard P Slaughter Associates Inc increased its position in shares of Exxon Mobil by 8.3% in the third quarter. Richard P Slaughter Associates Inc now owns 14,513 shares of the oil and gas company’s stock valued at $1,701,000 after acquiring an additional 1,108 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. UBS Group reduced their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Truist Financial reduced their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.18.

Exxon Mobil Stock Up 0.4 %

NYSE XOM opened at $125.36 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a 50 day moving average of $116.31 and a 200-day moving average of $116.02. The company has a market cap of $494.30 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.03%. Exxon Mobil’s dividend payout ratio is currently 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.