Winthrop Advisory Group LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Winthrop Advisory Group LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 108.4% during the third quarter, Holdings Channel.com reports. The firm owned 8,725 shares of the oil and gas company’s stock after buying an additional 4,539 shares during the period. Winthrop Advisory Group LLC’s holdings in Exxon Mobil were worth $1,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil during the 1st quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several research reports. The Goldman Sachs Group raised their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, TD Cowen cut their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Down 0.0 %

XOM stock opened at $121.11 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $532.29 billion, a P/E ratio of 15.08, a PEG ratio of 5.07 and a beta of 0.90. The firm has a 50 day simple moving average of $117.91 and a 200-day simple moving average of $116.40.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 the consensus estimate of $93.98 billion. During the same quarter last year, the company earned $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

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.