Vestor Capital LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Vestor Capital LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 1,129.6% during the third quarter, Holdings Channel reports. The fund owned 90,083 shares of the oil and gas company’s stock after buying an additional 82,757 shares during the period. Vestor Capital LLC’s holdings in Exxon Mobil were worth $10,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Intact Investment Management Inc. raised its position in shares of Exxon Mobil by 12.5% in the third quarter. Intact Investment Management Inc. now owns 47,720 shares of the oil and gas company’s stock valued at $5,594,000 after purchasing an additional 5,320 shares during the period. Old North State Wealth Management LLC raised its position in shares of Exxon Mobil by 5.6% in the third quarter. Old North State Wealth Management LLC now owns 17,718 shares of the oil and gas company’s stock valued at $2,078,000 after purchasing an additional 944 shares during the period. Northeast Investment Management raised its position in shares of Exxon Mobil by 2.6% in the third quarter. Northeast Investment Management now owns 191,438 shares of the oil and gas company’s stock valued at $22,440,000 after purchasing an additional 4,924 shares during the period. Roman Butler Fullerton & Co. raised its position in shares of Exxon Mobil by 1.4% in the third quarter. Roman Butler Fullerton & Co. now owns 10,133 shares of the oil and gas company’s stock valued at $1,220,000 after purchasing an additional 137 shares during the period. Finally, Donaldson Capital Management LLC raised its position in shares of Exxon Mobil by 1.5% in the third quarter. Donaldson Capital Management LLC now owns 612,132 shares of the oil and gas company’s stock valued at $71,754,000 after purchasing an additional 8,944 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $118.61 on Tuesday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock has a market capitalization of $467.68 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a fifty day moving average of $117.67 and a 200-day moving average of $116.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.27 EPS. Equities research analysts expect that Exxon Mobil Co. will post 8.01 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.34%. 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. Exxon Mobil’s dividend payout ratio (DPR) is currently 45.45%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen decreased their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a report on Monday. Truist Financial decreased their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Bank of America assumed coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. One 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. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price 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.