Acorn Wealth Advisors LLC Acquires 3,937 Shares of Exxon Mobil Co. (NYSE:XOM)

Acorn Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 117.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,280 shares of the oil and gas company’s stock after acquiring an additional 3,937 shares during the period. Acorn Wealth Advisors LLC’s holdings in Exxon Mobil were worth $853,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC increased its position in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $39,000. POM Investment Strategies LLC increased its position in 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 valued at $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $46,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on XOM. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.66 on Monday, hitting $121.13. The company had a trading volume of 1,857,191 shares, compared to its average volume of 16,196,571. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $532.38 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. The stock has a 50 day moving average price of $119.39 and a 200 day moving average price of $116.55. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.27 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

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.