Twelve Points Wealth Management LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Twelve Points Wealth Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,184 shares of the oil and gas company’s stock after purchasing an additional 1,380 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Exxon Mobil were worth $2,132,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Firethorn Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 1.7% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 10,159 shares of the oil and gas company’s stock worth $1,191,000 after purchasing an additional 165 shares during the last quarter. Provident Wealth Management LLC increased its holdings in Exxon Mobil by 9.1% in the 3rd quarter. Provident Wealth Management LLC now owns 7,064 shares of the oil and gas company’s stock valued at $828,000 after purchasing an additional 588 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Exxon Mobil by 10.7% during the third quarter. Wolff Wiese Magana LLC now owns 1,419 shares of the oil and gas company’s stock worth $166,000 after purchasing an additional 137 shares in the last quarter. Transform Wealth LLC boosted its position in shares of Exxon Mobil by 1.0% in the third quarter. Transform Wealth LLC now owns 133,159 shares of the oil and gas company’s stock worth $15,609,000 after buying an additional 1,287 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of Exxon Mobil by 26.0% in the third quarter. Vontobel Holding Ltd. now owns 88,290 shares of the oil and gas company’s stock valued at $10,349,000 after buying an additional 18,230 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.3 %

NYSE:XOM opened at $120.67 on Thursday. The firm has a market capitalization of $475.80 billion, a P/E ratio of 14.79, a P/E/G ratio of 5.02 and a beta of 0.89. The business has a 50 day simple moving average of $117.32 and a 200 day simple moving average of $116.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

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 (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 company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared 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 was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.15%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

Several analysts have issued reports on XOM shares. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 8th. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Mizuho increased 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.88.

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.