Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Widmann Financial Services Inc.

Widmann Financial Services Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,477 shares of the oil and gas company’s stock after purchasing an additional 97 shares during the quarter. Exxon Mobil comprises 2.5% of Widmann Financial Services Inc.’s investment portfolio, making the stock its 10th biggest holding. Widmann Financial Services Inc.’s holdings in Exxon Mobil were worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Exxon Mobil by 29.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 762 shares in the last quarter. Confluence Investment Management LLC grew its holdings in shares of Exxon Mobil by 11.5% during the second quarter. Confluence Investment Management LLC now owns 5,441 shares of the oil and gas company’s stock valued at $626,000 after buying an additional 561 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of Exxon Mobil by 23.3% in the 2nd quarter. Park Place Capital Corp now owns 14,492 shares of the oil and gas company’s stock worth $1,668,000 after acquiring an additional 2,737 shares during the last quarter. ShankerValleau Wealth Advisors Inc. lifted its position in Exxon Mobil by 27.2% in the 2nd quarter. ShankerValleau Wealth Advisors Inc. now owns 3,742 shares of the oil and gas company’s stock valued at $431,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Exxon Mobil by 59.9% during the 2nd quarter. GAMMA Investing LLC now owns 59,190 shares of the oil and gas company’s stock worth $6,814,000 after purchasing an additional 22,170 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. 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. BNP Paribas cut shares of 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. Finally, Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

XOM opened at $117.96 on Friday. The company has a market capitalization of $518.45 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 4.94 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $119.76 and a 200-day moving average price of $116.57. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business earned $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil’s dividend payout ratio is 49.32%.

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.