IHT Wealth Management LLC Buys 8,446 Shares of Exxon Mobil Co. (NYSE:XOM)

IHT Wealth Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 13.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 69,562 shares of the oil and gas company’s stock after purchasing an additional 8,446 shares during the quarter. IHT Wealth Management LLC’s holdings in Exxon Mobil were worth $8,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC raised its stake in shares of Exxon Mobil by 14.4% in the third quarter. Integrated Wealth Concepts LLC now owns 243,782 shares of the oil and gas company’s stock worth $28,576,000 after buying an additional 30,657 shares during the period. Investment Management Corp of Ontario raised its stake in shares of Exxon Mobil by 41.3% in the third quarter. Investment Management Corp of Ontario now owns 279,054 shares of the oil and gas company’s stock worth $32,711,000 after buying an additional 81,535 shares during the period. Iron Gate Global Advisors LLC raised its stake in Exxon Mobil by 4.1% during the 3rd quarter. Iron Gate Global Advisors LLC now owns 8,969 shares of the oil and gas company’s stock valued at $1,051,000 after purchasing an additional 350 shares during the period. Janus Henderson Group PLC raised its stake in Exxon Mobil by 12.8% during the 3rd quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company’s stock valued at $67,631,000 after purchasing an additional 65,311 shares during the period. Finally, Harbor Advisors LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $944,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.23 during trading on Tuesday, hitting $117.62. 1,848,696 shares of the stock traded hands, compared to its average volume of 16,170,920. The company has a market cap of $516.95 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 4.95 and a beta of 0.89. The company has a fifty day moving average price of $119.76 and a two-hundred day moving average price of $116.55. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company posted $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 7.94 EPS 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 paid a dividend of $0.99 per share. The ex-dividend date of this dividend 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 yield of 3.37%. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. BMO Capital Markets raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.95.

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.