Exxon Mobil Co. (NYSE:XOM) Shares Bought by Advocate Group LLC

Advocate Group LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,137 shares of the oil and gas company’s stock after purchasing an additional 799 shares during the quarter. Advocate Group LLC’s holdings in Exxon Mobil were worth $3,767,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in XOM. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter worth approximately $35,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% in the second 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 during the period. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.7 %

Shares of Exxon Mobil stock traded up $0.83 during trading hours on Thursday, hitting $122.92. The company’s stock had a trading volume of 1,524,125 shares, compared to its average volume of 16,734,727. The stock has a market cap of $484.67 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a fifty day moving average of $116.64 and a 200-day moving average of $116.21.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Tuesday. UBS Group cut their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. BMO Capital Markets raised their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $132.61.

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.