First Business Financial Services Inc. Purchases 279 Shares of Exxon Mobil Co. (NYSE:XOM)

First Business Financial Services Inc. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,135 shares of the oil and gas company’s stock after purchasing an additional 279 shares during the period. First Business Financial Services Inc.’s holdings in Exxon Mobil were worth $2,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp increased its stake 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 worth $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil in the first quarter worth about $933,000. Empowered Funds LLC boosted its position in shares of Exxon Mobil by 5.6% in the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after acquiring an additional 49,083 shares during the period. Lord Abbett & CO. LLC grew its stake in Exxon Mobil by 23.4% during the first quarter. Lord Abbett & CO. LLC now owns 2,918,680 shares of the oil and gas company’s stock valued at $339,267,000 after acquiring an additional 552,817 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. lifted its stake in Exxon Mobil by 176.3% in the 1st quarter. Wilkins Investment Counsel Inc. now owns 60,694 shares of the oil and gas company’s stock worth $7,055,000 after purchasing an additional 38,729 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently 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 target on the stock. in a report on Wednesday, October 9th. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Up 0.1 %

Shares of NYSE XOM opened at $120.57 on Friday. The company has a market cap of $529.92 billion, a PE ratio of 15.01, a P/E/G ratio of 5.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s 50 day moving average price is $118.21 and its 200-day moving average price is $116.38. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the company earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s payout ratio is currently 47.32%.

Exxon Mobil Company Profile

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.