Walkner Condon Financial Advisors LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Walkner Condon Financial Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,531 shares of the oil and gas company’s stock after selling 807 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 2nd quarter worth $35,000. Anfield Capital Management LLC lifted its stake in shares of Exxon Mobil by 360.0% in the 2nd 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 period. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its stake in shares of 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 acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. UBS Group lowered their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Trading Up 0.1 %

NYSE XOM opened at $121.15 on Friday. The stock has a market cap of $477.70 billion, a P/E ratio of 15.09, a PEG ratio of 4.96 and a beta of 0.90. The company’s fifty day simple moving average is $117.78 and its 200-day simple moving average is $116.36. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

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

Exxon Mobil Increases Dividend

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

Exxon Mobil 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.