Forte Capital LLC ADV Has $2.03 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Forte Capital LLC ADV trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,316 shares of the oil and gas company’s stock after selling 295 shares during the quarter. Forte Capital LLC ADV’s holdings in Exxon Mobil were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in XOM. Massachusetts Financial Services Co. MA grew its stake in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $980,210,000. International Assets Investment Management LLC increased its holdings in Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the last quarter. Capital International Investors raised its position in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.1 %

Shares of XOM opened at $121.15 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a market capitalization of $477.70 billion, a P/E ratio of 15.09, a P/E/G ratio of 4.96 and a beta of 0.90. The company has a 50-day simple moving average of $117.78 and a 200-day simple moving average of $116.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.97 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 47.32%.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. TD Cowen lowered their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Mizuho increased their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average 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.