Atlanta Consulting Group Advisors LLC Buys 386 Shares of Exxon Mobil Co. (NYSE:XOM)

Atlanta Consulting Group Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,482 shares of the oil and gas company’s stock after buying an additional 386 shares during the period. Exxon Mobil comprises about 0.7% of Atlanta Consulting Group Advisors LLC’s portfolio, making the stock its 22nd biggest position. Atlanta Consulting Group Advisors LLC’s holdings in Exxon Mobil were worth $2,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp grew its stake in Exxon Mobil by 18.2% during 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 during the period. China Universal Asset Management Co. Ltd. acquired a new stake in Exxon Mobil during the first quarter worth approximately $933,000. Empowered Funds LLC grew its stake in Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after purchasing an additional 49,083 shares during the period. M&G Plc acquired a new stake in Exxon Mobil during the first quarter worth approximately $2,185,000. Finally, Ontario Teachers Pension Plan Board grew its stake in Exxon Mobil by 17.0% during the first quarter. Ontario Teachers Pension Plan Board now owns 14,880 shares of the oil and gas company’s stock worth $1,730,000 after purchasing an additional 2,167 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. TD Cowen reduced their price objective on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $119.31 on Friday. The business’s fifty day simple moving average is $118.49 and its 200 day simple moving average is $116.39. The firm has a market capitalization of $524.38 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 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.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (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 the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Exxon Mobil 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.