Pure Financial Advisors LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Pure Financial Advisors LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.8% during the third quarter, HoldingsChannel.com reports. The firm owned 33,064 shares of the oil and gas company’s stock after buying an additional 3,502 shares during the period. Pure Financial Advisors LLC’s holdings in Exxon Mobil were worth $3,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.6 %

XOM opened at $114.95 on Monday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market cap of $453.25 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The business has a 50 day moving average price of $117.67 and a 200 day moving average price of $116.33.

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, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 8.01 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. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is an increase 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 dividend yield of 3.44%. Exxon Mobil’s dividend payout ratio (DPR) is presently 45.45%.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. The Goldman Sachs Group raised their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Mizuho lifted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One 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 stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $130.37.

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.