Whalen Wealth Management Inc. Acquires New Position in Exxon Mobil Co. (NYSE:XOM)

Whalen Wealth Management Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) in the third quarter, Holdings Channel.com reports. The firm bought 3,533 shares of the oil and gas company’s stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. WFA Asset Management Corp grew its position 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 in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Exxon Mobil in the 1st quarter worth about $933,000. Empowered Funds LLC grew its holdings in Exxon Mobil by 5.6% during 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 buying an additional 49,083 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 28.9% in the first quarter. Hillsdale Investment Management Inc. now owns 3,252 shares of the oil and gas company’s stock worth $378,000 after buying an additional 730 shares in the last quarter. Finally, Ossiam grew its stake in Exxon Mobil by 1,166.2% during the first quarter. Ossiam now owns 200,000 shares of the oil and gas company’s stock valued at $23,248,000 after acquiring an additional 184,205 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Mizuho upped their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, November 4th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

View Our Latest Research Report on Exxon Mobil

Exxon Mobil Trading Up 0.9 %

NYSE:XOM opened at $120.33 on Tuesday. The firm has a market capitalization of $528.86 billion, a P/E ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. 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 company has a fifty day moving average of $118.59 and a 200 day moving average of $116.42.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the firm earned $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share 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 paid a dividend of $0.99 per share. 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 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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