Centaurus Financial Inc. Has $4.83 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Centaurus Financial Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,235 shares of the oil and gas company’s stock after purchasing an additional 3,838 shares during the quarter. Centaurus Financial Inc.’s holdings in Exxon Mobil were worth $4,834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Journey Advisory Group LLC lifted its holdings in Exxon Mobil by 1.7% during the 3rd quarter. Journey Advisory Group LLC now owns 55,350 shares of the oil and gas company’s stock worth $6,372,000 after buying an additional 930 shares during the period. Wealth Dimensions Group Ltd. lifted its stake in Exxon Mobil by 1.7% in the third quarter. Wealth Dimensions Group Ltd. now owns 18,028 shares of the oil and gas company’s stock valued at $2,113,000 after buying an additional 297 shares during the period. Borer Denton & Associates Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter valued at $227,000. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Exxon Mobil by 2.1% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 11,461 shares of the oil and gas company’s stock worth $1,343,000 after purchasing an additional 235 shares in the last quarter. Finally, StoneX Group Inc. raised its position in shares of Exxon Mobil by 3.8% during the third quarter. StoneX Group Inc. now owns 50,432 shares of the oil and gas company’s stock worth $5,912,000 after purchasing an additional 1,862 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.1 %

Exxon Mobil stock opened at $121.79 on Friday. The firm has a market capitalization of $535.28 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. The firm has a 50 day simple moving average of $119.39 and a 200 day simple moving average of $116.54. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. 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 (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.96 earnings per share 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 paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned 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, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $130.21.

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.