Advantage Trust Co Raises Position in Exxon Mobil Co. (NYSE:XOM)

Advantage Trust Co raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the oil and gas company’s stock after buying an additional 200 shares during the quarter. Advantage Trust Co’s holdings in Exxon Mobil were worth $94,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its position in 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 valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the second quarter worth approximately $39,000. Finally, POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% in 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 in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, TD Cowen reduced their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Trading Down 0.5 %

Exxon Mobil stock opened at $120.47 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm’s 50-day moving average is $117.91 and its 200-day moving average is $116.33. The company has a market cap of $529.48 billion, a P/E ratio of 15.00, a PEG ratio of 5.08 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

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.