Capital Investment Advisors LLC Purchases 5,402 Shares of Exxon Mobil Co. (NYSE:XOM)

Capital Investment Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,907 shares of the oil and gas company’s stock after purchasing an additional 5,402 shares during the quarter. Capital Investment Advisors LLC’s holdings in Exxon Mobil were worth $24,488,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the first quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Wells Fargo & Company raised their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. UBS Group reduced 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. Finally, Barclays reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $120.01 on Friday. The business’s fifty day simple moving average is $117.39 and its 200 day simple moving average is $116.49. The firm has a market capitalization of $473.20 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. 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 (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.94 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) 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.