Miller Wealth Advisors LLC Acquires 3,421 Shares of Exxon Mobil Co. (NYSE:XOM)

Miller Wealth Advisors LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,823 shares of the oil and gas company’s stock after acquiring an additional 3,421 shares during the period. Exxon Mobil comprises 20.7% of Miller Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Miller Wealth Advisors LLC’s holdings in Exxon Mobil were worth $37,889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harvest Portfolios Group Inc. raised its holdings in shares of Exxon Mobil by 11.8% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 14,767 shares of the oil and gas company’s stock worth $1,731,000 after acquiring an additional 1,558 shares during the last quarter. Radnor Capital Management LLC raised its holdings in shares of Exxon Mobil by 8.0% in the 3rd quarter. Radnor Capital Management LLC now owns 167,144 shares of the oil and gas company’s stock worth $19,593,000 after acquiring an additional 12,393 shares during the last quarter. Callahan Advisors LLC raised its holdings in shares of Exxon Mobil by 1.0% in the 3rd quarter. Callahan Advisors LLC now owns 160,530 shares of the oil and gas company’s stock worth $18,817,000 after acquiring an additional 1,628 shares during the last quarter. Leslie Global Wealth LLC grew its position in Exxon Mobil by 15.2% in the 3rd quarter. Leslie Global Wealth LLC now owns 3,198 shares of the oil and gas company’s stock worth $375,000 after purchasing an additional 423 shares in the last quarter. Finally, 1834 Investment Advisors Co. grew its position in Exxon Mobil by 4.2% in the 3rd quarter. 1834 Investment Advisors Co. now owns 27,694 shares of the oil and gas company’s stock worth $3,246,000 after purchasing an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $120.95 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $476.91 billion, a PE ratio of 15.06, a P/E/G ratio of 4.96 and a beta of 0.90. The company’s 50 day simple moving average is $117.78 and its two-hundred day simple moving average is $116.36.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 7.97 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on XOM shares. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. TD Cowen reduced their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.