Aviance Capital Partners LLC Has $7.28 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Aviance Capital Partners LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 62,104 shares of the oil and gas company’s stock after acquiring an additional 300 shares during the period. Exxon Mobil comprises 1.0% of Aviance Capital Partners LLC’s holdings, making the stock its 21st biggest position. Aviance Capital Partners LLC’s holdings in Exxon Mobil were worth $7,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp increased its holdings in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Exxon Mobil in the 1st quarter valued at about $933,000. Empowered Funds LLC raised its holdings in Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after acquiring an additional 49,083 shares during the period. Hillsdale Investment Management Inc. lifted its position in Exxon Mobil by 28.9% during the first quarter. Hillsdale Investment Management Inc. now owns 3,252 shares of the oil and gas company’s stock worth $378,000 after acquiring an additional 730 shares during the last quarter. Finally, Ossiam grew its position in shares of Exxon Mobil by 1,166.2% in the first quarter. Ossiam now owns 200,000 shares of the oil and gas company’s stock valued at $23,248,000 after purchasing an additional 184,205 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $120.33 on Tuesday. The stock has a market cap of $528.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company’s fifty day moving average is $118.59 and its 200 day moving average is $116.42. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. 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 business posted $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.29%. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.95.

About Exxon Mobil

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.